Business and Personal Finance Dictionary

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• LOAN DEPOSIT - When purchasing a home, paying an amount of money in order to bind the sale and show goo...
  
  
• LOAN DISCOUNT FEE - The term used to describe points on the Good Faith Estimate.
  
  
• LOAN DOCUMENTS - The legal documents evidencing or supporting the debt and legal status of the mortgage...
  
  
• LOAN FEE - The charge made for negotiating a loan, in addition to interest; sometimes used in reference...
  
  
• LOAN FEES - Also called loan origination fees. Costs charged by a lender for giving out a loan; may inc...
  
  
• LOAN FRAUD - Purposely giving incorrect information on a loan application in order to better qualify fo...
  
  
• LOAN GUARANTY CERTIFICATE - VA document stating that portion of a loan that is guaranteed.
  
  
• LOAN MODIFICATION - A change in the terms of a loan, usually the interest rate and/or term, in respons...
  
  
• LOAN OFFICER - Also referred to by a variety of other terms, such as lender, loan representative, loan ...
  
  
• LOAN ORIGINATION - The beginning of the loan process. Initial contact wherein the borrower and lender a...