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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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Contributors in Banking

Banking > Refinance

reverse mortgage

Banking; Refinance

A reverse mortgage is a loan that allows homeowners age 62 and older to access a portion of the available equity in their homes without having to sell the home, give up title, or ...

request for modification and affidavit (RMA) form

Banking; Refinance

This form provides information to your mortgage servicer about your home and financial situation. All of the borrowers listed on the mortgage must sign the Request Form.

repayment plan

Banking; Refinance

If you are behind on your payments, your lender may agree to a repayment plan that allows you to make your regularly scheduled mortgage payments, plus pay off a portion of the ...

refinance

Banking; Refinance

Paying off your existing loan with the proceeds from a new loan in order to take advantage of lower interest rates and other more favorable loan terms.

partial claim

Banking; Refinance

A partial claim is a no-interest or low-interest loan given to you by a lender to help you pay back any missing or partial mortgage payments and default-related fees. This is a ...

modification

Banking; Refinance

A loan modification is a change to the original terms of your loan. Loan modifications could include lowering your interest rate, extending the term or maturity date of the loan, ...

marketability

Banking; Refinance

Marketability refers to the “sale-ability” of your home. The marketability of your house is based on its location, size, condition and the condition of the local housing market in ...