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Points
Points Origination fees charged by the originating lender or broker and-or discount fees charge by lenders to increase the overall yield.
RELATED TERMS--------------------------------------
Origination
The process of preparing, submitting, and evaluating a loan application; generally includes a credit check, verification of employment, and a property appraisal.
Lender
A term which can refer to the institution making the loan or to the individual representing the firm.
Broker
A person who acts as an intermediary between two or more parties in connection with a transaction for a fee or commission.
Discount
To sell at a reduced value; the difference between face value and cash value.
Yield
The interest earned by an investor on his investment (or bank on the money it has lent).
SIMILAR TERMS--------------------------------------
Point
A point is 1 percent of the amount of the mortgage.
Point of beginning (pob)
In a metes-and bounds legal description, the starting point of the survey, situated in one corner of the parcel; all metes-and-bounds descriptions must follow the boundaries of the parcel back to the point of beginning.
Point source
A stationary location or fixed facility such as an industry or municipality that discharges pollutants into the air or surface water through pipes, ditches, lagoons, wells, or stacks - a single identifiable source such as a ship or a mine.
Pointe-Noire property
Property in Pointe-Noire, Congo. Apartments, flats, houses, offices and other property in Pointe-Noire.
PREVIOUS AND NEXT TERMS--------------------------------------
PMI (Private Mortgage Insurance)
Private mortgage insurance, required by many lenders when a borrower's down payment is less then 20% of the purchase price.
Pocket door
A sliding door that retreats into the wall when opened.
Point
A point is 1 percent of the amount of the mortgage.
Point of beginning (pob)
In a metes-and bounds legal description, the starting point of the survey, situated in one corner of the parcel; all metes-and-bounds descriptions must follow the boundaries of the parcel back to the point of beginning.
Point source
A stationary location or fixed facility such as an industry or municipality that discharges pollutants into the air or surface water through pipes, ditches, lagoons, wells, or stacks - a single identifiable source such as a ship or a mine.
Points
Police power
The inherent right of the state to regulate for the purpose of promoting health, safety, welfare, and morality.
Pollution prevention
Actively identifying equipment, processes, and activities which generate excessive wastes or use toxic chemicals and then making substitutions, alterations, or product improvements.
Porch
The structure can be a simple covered entrance to a home or a fully enclosed room on the outside of a residence.
Portable
Describes a mortgage that can be transferred from one property to another when you move.
Porte cochere
A porch-like roof extending over a driveway.
This dictionary contains 6433 terms. |
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