Tag: personal-finance

What Is Non-Recourse Finance? Non-recourse finance is a kind of economic lending that entitles the lender to reimbursement solely from…

What Is a Financial institution Affirmation Letter (BCL)? A financial institution affirmation letter (BCL) is a letter from a financial…

What Is a Revolver? A revolver refers to a borrower who carries a stability from month to month, by means…

What Is a Comfortable Mortgage? A delicate mortgage is a mortgage with no curiosity or a below-market price of curiosity….

What Is the Rule of 78? The Rule of 78 is a technique utilized by some lenders to calculate curiosity…

What Is a Revolving Mortgage Facility? A revolving mortgage facility is a sort of mortgage issued by a monetary establishment…

What Is a Complete Mortgage? An entire mortgage is a single mortgage {that a} lender has issued to a borrower….

What Is Prepayment? Prepayment is an accounting time period for the settlement of a debt or installment mortgage earlier than…

What Is an Unsecured Mortgage? An unsecured mortgage is a mortgage that’s issued and supported solely by the borrower's creditworthiness,…

What Is a Mortgage Shark? A mortgage shark is an individual who – or an entity that – loans cash…