Unsecured loan
An unsecured loan is a type of loan that is not backed by collateral, meaning the borrower does not pledge a house, property, or other
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An unsecured loan is a type of loan that is not backed by collateral, meaning the borrower does not pledge a house, property, or other
Usury refers to the practice of charging interest on a loan at a rate that exceeds the maximum allowed by law. Usury laws exist at
Universal default is a lending practice in which a borrower’s default on one financial obligation allows a lender to increase interest rates, impose penalties, or
A soft inquiry, also known as a soft credit check, is a review of a person’s credit report that does not affect the individual’s credit
In real estate and home financing, roll in refers to the practice of including certain costs, fees, or balances into a loan rather than paying
Prequalification is an initial, informal assessment by a lender that estimates how much a buyer may be able to borrow to purchase a house or
Mortgage Deed A Mortgage Deed is a legal instrument used in real estate transactions to secure repayment of a loan by placing real property as
A modification is a permanent change to the terms of an existing mortgage agreement made to help a homeowner manage payments more successfully. Rather than
A mortgage is a loan used to purchase or refinance a house or other real property, where the property itself serves as collateral for the
Loan origination is the process by which a lender creates, evaluates, approves, and issues a loan, from the initial application through closing. In residential real