the result of combining a loan with a new loan that has a different interest rate
used to fund the purchase of multiple properties under a single loan
bankruptcy allows someone in debt to forgo their obligations should those obligations be found to be insurmountable. This provides a safety net for debtors who run into misfortune and also provides a mechanism for the creditors to collect what they can
the final payment of a balloon loan
A type of loan that has a large payment due upon th end of the loan. This often has low interest payments and defers much of the cost until later
A program that evaluates your creditworthiness
a transfer of property to another
items owned that are tangible and have a cash value
A calculation of value
A legal term for a late payment