Hula Mae Loan A mortgage program backed from the county, having well-known rates and you can payment coupons tailored getting Hawaii customers to purchase a primary home for the first time.
List A measurement (elizabeth.g. 1-year Treasury Expenses) which is used whenever calculating the newest interest towards an adjustable speed home loan.
Buyer Financing A loan created for property that is used since an investment in which the borrower both obtains local rental earnings, or may look to possess speed appreciate to benefit out-of.
Belongings Mortgage A mortgage loan made for the purpose of to purchase a vacant package, or refinancing an existing loan covered from the empty parcel.
Leasehold Assets Real property for which the owner comes with the directly to inhabit a home to own a fixed time frame.
Existence Cap The most percentage issues that a loan’s interest can increase from the in the lifetime of the mortgage.
Rate Secure The borrower’s capacity to guarantee a particular price from desire already provided by the lender, to have a given period of time
Lock-on the length of time prior to the closing from a great home loan system you to claims the specific interest rate and you will things.
Margin The latest lay fee affairs the lending company enhances the index rate when adjusting an interest rate for the a varying rate mortgage.
Mortgage The fresh new judge file which guarantees property due to the fact cover to possess the new installment from that loan.ادامه خواندن