Mortgage Loans Terms For Home Mortgages And Lending | J - L
Jumbo Loan - This is the term for a loan with a principal that exceeds the maximum set by Fannie Mae.
Lender - A financial institution that funds mortgage loans in exchange for a percentage return (plus principal) on the loan amount. A lender can also be a fund or private individual for mezzanine or hard money loans.
Loan - A monetary loan is money given up front to a borrower, who agrees to pay back the original loan amount (the principal), as well as a recurring installment fee for obtaining the loan (interest). Loans is a form of debt for the borrower, with the financial institution that made the loan acting as the creditor or lender.
Loan Library | A - C
Loan Library | D - F
Loan Library | G - I
Loan Library | J - L
Loan Library | M - O
Loan Library | P - R
Loan Library | S - U
Loan Library | V - Z