A full documentation loan is the traditional mortgage approach where you submit detailed proof of income,...
The front-end ratio measures the percentage of your gross monthly income that goes toward housing costs,...
A financial intermediary is an institution that connects individuals or entities with surplus funds to...
A creditworthiness assessment is the evaluation lenders perform to determine your ability to repay a...
The cash reserve requirement was a Federal Reserve rule mandating how much money banks must keep on hand,...
The Cash Flow Coverage Ratio helps determine if a business can meet its debt obligations using cash generated...
An Automated Underwriting System (AUS) is a computer program lenders use to quickly assess loan applications...
An annual loan review is a yearly evaluation by lenders to assess the financial health of a loan and...
An Alternative Documentation Loan (Alt-Doc Loan) is a mortgage option for borrowers who cannot provide...
An advance commitment is a lender's formal promise to provide a specified loan amount in the future under...