hard money, hard money loan, hard money lender
 
<< Previous    1...   3  4  [5]  6  7  ...10    Next >>


Interest: The sum paid for borrowing money, which pays the lender's costs of doing business.

Interest Rate: The sum charged for borrowing money, expressed as a percentage. 

Interest Rate Cap: Limits the interest rate or the interest rate adjustment to a specified maximum. This protects the borrower from increasing rates.

Interest Shortfall: the aggregate amount of interest payments from borrowers that is less than the accrued interest on the certificate.

Investment Banker: An individual or institution which, acts as an underwriter or agent for corporations and municipalities issuing securities, but which does not accept deposits or make loans. Most also maintain broker/dealer operations, maintain markets for previously issued securities, and offer advisory services to investors also called investment banker. See also bank, commercial bank, and originator, syndicate.

Jumbo (Non - Conforming) Loans: A mortgage loan that exceeds the amount that is acceptable by the government if the loan were to be resold (on the secondary market) to Fannie Mae and Freddie Mac. Usually, loans with a face value greater than $227,150 (as of 1/1/98).

Lease Assignment: An agreement between the commercial property owner and the lender that assigns lease payments directly to the lender.

Leasehold Improvements: The cost of improvements for a leased property. Often paid by the tenant.

Lender Margin: This is simply the profit the lender expects to receive from the loan. You can ask your lender what the margin is on an adjustable rate mortgage. Typically, lenders use a discount rate initially as a "teaser" rate. You must be sure to get the normal margin after the discount period is over.

Lines of Credit: An arrangement in which a bank or vendor extends a specified amount of unsecured credit to a specified borrower for a specified time period.

Loan origination Fee: The fee charged by a lender, to prepare all the documents associated with your mortgage.

Lock - In: The process of fixing the interest rate for a specific period of time irrelevant of future or impending economical changes to the interest rate. This process may require a fee or premium as it reduces your risk that the monthly payments will change while the loan paperwork is filed.

Lock - Out Period: A period of time after loan origination during which a borrower cannot prepay the mortgage loan.

London Interbank Offered Rate (LIBOR): The short - term rate (1year or less) at which banks will lend to each other in London. Commonly used as a benchmark for adjustable - rate financing.

LTV: Loan to Value: Proposed loan amount divide by the value of the property.

Margin: The amount that is added to an index rate to determine the total interest rate.

<< Previous    1...   3  4  [5]  6  7  ...10    Next >>

 

 

Index
Loan Details
Overview
Contact Info
Glossary
Free Gifts
Links
Site Map

hard money, hard money loan, hard money lender graphics

hard money, hard money loan, hard money lender image

hard money graphic

Index    Loan Details    Overview    Contact Info    Glossary    Free Gifts    Privacy Statement   Links  

Equal Housing Lender Equal Opportunity Lender     

HardMoneySpecialist.com     2005- All Rights Reserved    hardmoneyspecialist@cox.net