Flashcard Set Preview
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Wraparound Mortgage
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Balloon Payement
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One installment paymenton an amortized note that is at least doublethe amount of a regular...
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Straight Term
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Open End
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Reverse Annuity Mortgage
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Stream of monthlypayments provided to senior homeownersthrough an annuity purchased by...
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Sale Back Lease Agreement
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Alienation Clause
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A special type of acceleration clause that gives the lender the right todemand payment of the...
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Assumption Clause
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Negative Amortized Loan
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Loans in whichthe required payment relative to the interest ratecharged is insufficient to...
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Package Mortgage
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Adjustable Rate Mortgage
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A loan pegged to an index; as the index goes up ordown, the borrower’s interest rate...
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Adjusted Gross Income
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Amortized Loan
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A loan that is completelypaid off, interest and principal, by a series ofregular payments that...
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Assessment Lien
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A lien against property forpublic construction projects that benefit theproperty, such as street...
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Blanket Trust Deed
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A single trust deed covering more than one parcel of real estate.
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