May 21, 2011

Glossary of lending terms

Here is a glossary of terms used by the loan and mortgage:

1 Annual percentage rate:
A definition to identify the true cost of borrowing on a loan or mortgage... and to provide the client a method of comparison of the costs of loan or a mortgage.

2 - What Bad credit: it's credit that has fallen into arrears or not paid in time.... Sometimes referred to as adverse credit.

3 - What Bridging loan: a loan short term for the period between the purchase of a property and selling a precedent (the bridge).

These are some of for the glossary of the terms of loan and add to them in the near future only stay to listen...


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