The reasons for denial may include credit history, lack of verifiable liquid assets, inadequate income, etc.
Notice of Completion: Documentation, typically from a termite company, stating that required repairs have been completed.Appointee: dating a sexaholic A person who has been offered and baby gender prediction questions has accepted a full-time position with the University of California.Other reports that may be ordered include roof, foundation, geological, and, septic tank inspections.This would result in less total interest paid over the life of the loan.Interest-Only Payment Loan: A non-amortizing loan in which the lender receives interest during the term of the loan and principal is repaid in a lump sum at maturity.Second, the expected inflation rate is also higher the further you go out into the future, which must be incorporated into the rate of return that an investor receives.The end of that term is known as the maturity date.Evidence of Insurance: Written documentation from a hazard insurance company that a homeowners policy is in existence on a property.Purchase contract, property appraisal, inspections, etc.) and will state the approved loan amount, initial interest rate and loan term. .Purchase Transaction Documents: The aggregate term for independent third party documentation pertaining to the subject property.Back to top Joint Tenancy: Joint ownership by two or more persons giving each tenant equal interest and equal rights in the property, including the right of survivorship.Application Checklist: An itemized list of documentation that the borrower and the campus need to provide to the Office of Loan Programs for either pre-approval or loan approval.Bridge Loan: A temporary loan, usually less than 12 months, provided to a borrower when the net proceeds from a sale of a prior residence are not available for the purchase of a new home.Current MOP Rate: MOP rate currently in effect for Program loans. .This is for a couple of reasons.Relationships Between Maturity Date, Coupon Rate and Yield to Maturity.
On the maturity date, the loan reaches its full term and all outstanding principal is due and payable.
The terms and definitions that follow are meant to give simple, informal meaning for words and phrases you may see on our Web site that may not be familiar to you.
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Back to top Close of Escrow: The meeting between the buyer, seller and lender (or their agents) where the property and funds legally change hands.