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LoanAn advance of money from a lender to a borrower over a period of time. The borrower is obliged to repay the loan either at intervals during or at the end of the loan period together with interest.LoanTemporary borrowing of a sum of money. If you borrow $1 million you have taken out a loan for $1 million.LoanA sum of money lent at an interest rate.Similar MatchesNonrecourse loanNonrecourse loanA loan taken by limited partners used to finance their portion of the partnership, which is secured by their ownership in the venture. Savings and loan associationSavings and loan associationNational- or state-chartered institution that accepts savings deposits and invests the bulk of the funds thus received in mortgages. Jumbo Va LoanJumbo Va LoanA loan for an amount greater than the allowable100% financed amount. It is determined by subtracting the maximum allowable 100% financed amount from the purchase price and financing 75% of the difference. Example: maximum allowable VA Loan-$110,000. Sale price-$130.000. Difference $20,000: 75% of the difference is $15,000. Total jumbo loan-$110,000 plus $15.000 = $125,000. Required down payment-$5,000. Multifamily loansMultifamily loansLoans usually represented by conventional mortgages on multi-family rental apartments. Loan toValue RatioLoan toValue RatioThe ratio of the mortgage loan's principal to the property's appraised value or its sales price, whichever is lower. Further SuggestionsDemand loanPolicyholder loan bonds Self liquidating loan Day loan Savings And Loan Association Bullet loan Fixed Rate Loan Loan Policy Construction loan Loan Preference Principle savings and loan association Loan commitment Low documentation loan Homebuy loan Nonrecourse Loan policy loan loan account Loan value Appel Loan (Accelerating Payoff Progressive Equity Loan) loan capital Variable rate loan Bridging loan Personal Property Loan Call loan rate Purchase loan |
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