Visit the Freddie Mac website Funding date The date on which the proceeds from a loan are available to or disbursed for the benefit of the borrowers.
Clear title Titles that are marketable and are free of liens or disputed legal questions as to ownership of the property.
Cash to close The amount a homebuyer needs in cash at the closing of the loan.
This rate is calculated by combining Fidelity's base rate with a rate related to the size of your account's Margin Debit Balance.It is provided to the IRS along with your tax return.Back Median Yield When sorting a list of bonds by their yields (highest to lowest, or lowest to highest the median yield will be that yield that corresponds to the middle yield of the list.Deed of trust The document used in some states instead of a mortgage; title is vested in a trustee to secure repayment of the loan.Municipal resets may be purchased only on the day of the auction.Back MRD The Minimum Required Distribution (MRD) is the minimum amount the government requires each investor to begin withdrawing from his or her retirement accounts each year by the age of 70 1/2.A bullish divergence occurs when the macd is making new highs while prices fail to reach new highs.Lock periods typically range from 30 days to more than 90 days.Income Regular income from earnings, commissions, investments, rental payments or other sources.Flood insurance Insurance that protects against loss due to floods.
You should be prepared to pay these costs before your loan closes.
Loan origination The process by which a mortgage lender makes a home loan and records a mortgage against the borrowers real property as security for repayment of the loan.
Creditworthiness The likely ability of a borrower to repay debt.Back Minimum Price For bond ladders, indicate the minimum price you would like to pay on any security in the ladder.Bonds are sold at par or 100, which equates to 1,000 per bond.Before making a loan, a lender will usually require a title search or a title report to make sure the borrower legally owns the real estate tthat is being used to secure the loan.ET, or for bonds that reset daily, between.m.Lenders use dates of sex and the city various financial index rates: London Interbank Offered Rate (libor and Treasury-Indexed ARMs (T-Bills) Inflation rate The increase in price of consumer goods, usually expressed as a percentage over a specific period of time.Even in jurisdictions that permit the issue of stock with no par value, the par value of a stock may affect its tax treatment.Depending on the location of the property or type of transaction, the three business days right of rescission period may apply before your funds are available to you.Fidelity offers three market sessions: Back Market Value The value of a security or a portfolio of securities based on the current market price.