Bad Credit Personal Loan

Bad Credit Personal Loan

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Real Estate Terms of the Day for Bad Credit Personal Loan



RESTRICTIVE COVENANT
A private agreement, usually contained in a deed, which restricts the use and occupancy of real property.

POINTS (OR DISCOUNT POINTS)
Points are an up-front fee paid to the lender at the time that you get your loan. Each point equals one percent of your total loan amount. Points and interest rates are inherently connected: in general, the more points you pay, the lower the interest rate you get. However, the more points you pay, the more cash you need up front since points are paid in cash at closing.

INSPECTION
A visit to and review of the premises. A prudent purchaser of property always inspects the premises before closing.

PRIME RATE
The minimum interest rate charged by a commercial bank on short-term loans to its largest and strongest clients(those with the highest credit standings).

BROKER
An individual who brings buyers and sellers together and assists in negotiating contracts for a client.



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