Down Payment
A home down payment is simply the part of a home’s purchase price that you pay up front and does not come from a mortgage
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A home down payment is simply the part of a home’s purchase price that you pay up front and does not come from a mortgage
A mortgage becomes delinquent when the borrower doesn’t make the required payments. If the borrower continues to fall behind, the lender may foreclose on the
Debt-to-income ratio refers to how much of a borrower’s monthly income is eaten up by debt. Creditors, especially mortgage lenders, want to know what’s left
The debt-to-equity ratio is the relationship between a company’s total debt and its total equity. The debt-to-equity ratio is a key measure for investors looking
Debt-to-available-credit, also called your credit utilization ratio, refers to how much of your available credit you’re using. The more you’re using and the less you
Lenders use a credit scoring system, or a numerical system, to measure how likely it is that a borrower will make payments on the money
A credit score is a number that represents a person’s creditworthiness. Credit scores are based on a variety of personal financial data. Higher credit scores
A credit rating is a measurement of a person or business entity’s ability to repay a financial obligation based on income and past repayment histories.
A credit line is a flexible loan option offered by financial institutions to individuals and corporate entities. A credit line always has a credit limit,
Credit insurance is an insurance policy that pays off an outstanding debt in the event of the policy holder’s death, disability, or termination of employment.