Tooltip Tags: loans

mortgagor

The borrower in a mortgage agreement. (source: http://www.investorwords.com/3146/mortgagor.html#ixzz2M8hapZbk)

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mortgage credit

A loan secured by real property through the use of a mortgage note which evidences the existence of the loan and the encumbrance of that

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mortgage loan

A loan secured by real property through the use of a mortgage note which evidences the existence of the loan and the encumbrance of that

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mortgage-secured loan

Mortgage loans are one variety of a secured loan. In this type of secured loan, the house itself acts as collateral. If borrowers default on

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money lender

A person who lends money at interest as a living. (source: http://www.wordreference.com/definition/moneylender)

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market share

The percentage of a market (defined in terms of either units or revenue) accounted for by a specific entity. (source: http://en.wikipedia.org/wiki/Market_share)

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loan terms

Requirements and specifics of the loan agreement. (source: http://banking.about.com/od/loans/a/Loan-Term.htm)

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loan application fee

fee charged to process an application for a loan, such as a home mortgage from a lender or mortgage broker. (source: http://www.investopedia.com/terms/l/loan-application-fee.asp#ixzz26SUCtlH7)

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loan approval

Formal authorization, usually from a bank, to get a loan. .(source: thefreedictionary.com )

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loan default

A default on a loan or contract occurs when the borrower fails to meet the specifications of the contract, the legal duty required by the

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