Banking

Banking

The business of a banker, banking involves an establishment for the loaning, holding, exchanging, or issuing of money. Also deals with the transmission of funds and the extensions of credit.

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Banking > Mortgage

agreement of sale

Banking; Mortgage

Also known as a "sales contract," a written document in which a purchaser agrees to buy property under certain given conditions, and the seller agrees to sell under certain given ...

alternative documentation

Banking; Mortgage

A method of documenting a loan file that relies on information the borrower is likely to be able to provide, instead of waiting on verification sent to third parties for ...

amortization

Banking; Mortgage

A monthly repayment schedule in which a loan is repaid in fixed payments of principal and interest.

amortization schedule

Banking; Mortgage

A table showing the mortgage payment, broken down by interest and amortization, the loan balance, tax and insurance payments if made by the lender, and the balance of the ...

appraiser

Banking; Mortgage

A person qualified by education, training, and experience to estimate the value of real and personal property.

assumption

Banking; Mortgage

A method of selling real estate where the buyer of the property agrees to become responsible for the repayment of an existing loan on the property. Unless the lender also agrees, ...