|
| | |
Standby takeout commitment
Standby takeout commitment An agreement by an interim lender to advance funds to take out a construction lender.
RELATED TERMS--------------------------------------
Lender
A term which can refer to the institution making the loan or to the individual representing the firm.
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 Uniform Application
An application developed by FNMA and FHLMC that is widely used in the mortgage industry.
Standard Variable Rates (SVR)
The lender’s standard mortgage interest rate - without any discount. Usually tracks an index.
Stanley property
Property in Stanley, the Falkland Islands. Apartments, flats, houses, offices and other property in Stanley.
PREVIOUS AND NEXT 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 Uniform Application
An application developed by FNMA and FHLMC that is widely used in the mortgage industry.
Standard Variable Rates (SVR)
The lender’s standard mortgage interest rate - without any discount. Usually tracks an index.
Standby takeout commitment
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.
State and Local Housing Programs
Unique housing finance programs to assist first time home buyers and low to moderate housing groups.
Statement
A detailed record of transactions in a bank customer's account(s) for a certain period, usually each month, which shows debits, credits, transfers, payroll deposits, account balance, check fees, service charges, ATM activity, etc.
This dictionary contains 6433 terms. |
|
|
