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The document by which title to real property is transferred or conveyed from one party to another.
A fixed interest rate loan is a loan where the interest rate doesn't fluctuate during the fixed-rate period of the loan. This allows the borrower to...
An interest rate floor is the minimum interest rate possible for an interest rate associated with a loan.
A description of the different grace periods and lengths associated with Members 1st loans.
The index rate is used as a benchmark to calculate the interest rate plus a specified margin on a loan. Members 1st commonly uses the 26-Week Treasury Bill...
Interest Rate is the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding...
A late fee is assessed when the payment for a loan has not been received and the grace period has passed.
A legal hold or claim of a creditor on the property of another as security for a debt. Liens may be against real or personal property.
The written evidence from a contractor or supplier surrendering the right of lien to enforce collection of debt against a property.
A lienholder is a party or individual who has a lien or claim on property, car, or other asset. The claim is created by an agreement, such as a mortgage or...
