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Standard Uniform Application
Standard Uniform Application An application developed by FNMA and FHLMC that is widely used in the mortgage industry.
RELATED TERMS--------------------------------------
Application The form used to apply for a mortgage loan, containing information about a borrower’s income, savings, assets, debts, and more.
Mortgage A legal document pledging property as security for the payment of a loan.
SIMILAR TERMS--------------------------------------
Standard coverage policy A standard coverage policy normally insures the title as it is known from the public records.
Standard Metropolitan Statistical Area Areas designated by the U.S. Office of Management and Budget that contain a city of 50,000 or more.
Standard payment calculation A method of figuring out how much monthly payments should be, based on the beginning loan balance, the term and the interest rate.
Standard Variable Rates (SVR) The lender’s standard mortgage interest rate - without any discount. Usually tracks an index.
Standby takeout commitment An agreement by an interim lender to advance funds to take out a construction lender.
Stanley property Property in Stanley, the Falkland Islands. Apartments, flats, houses, offices and other property in Stanley.
PREVIOUS AND NEXT TERMS--------------------------------------
Stabilized net operating income Projected income less expenses that are subject to change but have been adjusted to reflect equivalent, stable property operations.
Stabilized occupancy The optimum range of long-term occupancy that an income-producing real estate project is expected to achieve after exposure for leasing in the open market for a reasonable period of time at terms and conditions comparable to competitive offerings.
Standard coverage policy A standard coverage policy normally insures the title as it is known from the public records.
Standard Metropolitan Statistical Area Areas designated by the U.S. Office of Management and Budget that contain a city of 50,000 or more.
Standard payment calculation A method of figuring out how much monthly payments should be, based on the beginning loan balance, the term and the interest rate.
Standard Uniform Application
Standard Variable Rates (SVR) The lender’s standard mortgage interest rate - without any discount. Usually tracks an index.
Standby takeout commitment An agreement by an interim lender to advance funds to take out a construction lender.
Star System Usually used in franchised hotels-motels. Designates the services provided by the property.
Stare decisis The reliance of courts on previous decisions when judging disputes.
Starter home A dwelling that is relatively small and inexpensive and bought as a first home.
This dictionary contains 6433 terms. |
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