A-D / E-H / I-P / Q-Z
Loan with an initial balance greater than $333,700.
Ratio of liens versus value of property or sales price. Ex. 80,000 owed on a
property worth 100,000 equals an 80% LTV
Insurance which protects the LENDER against default. Generally the higher the
loan-to-value the higher the monthly premium. Can be avoided by two loans.
Monthly payment. Stands for Principal, Interest, Tax escrow, Insurance
(both hazard and mortgage) escrow
Based on documented income, assets, and credit initial pre qualification for a loan.
An option on certain loan types. A benefit in that the rate is lower on these products
compared to other similar products.
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