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fixed expenses

fixed expenses payments that do not vary from month to month. Source: U.S. Department of Housing and Urban Development

fixed-rate mortgage

interest rate and other terms are fixed and do not change. Source: U.S. Department of Housing and Urban Development

float

to place (an issue of securities) on the market 2 : to obtain money for the establishment or development of (an enterprise) by issuing and selling securities 3 : negotiate [ a loan]

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flood insurance

plain, the lender will require flood insurance before approving a loan. Source: U.S. Department of Housing and Urban Development

foresee

foresee fore·saw fore·seen fore·see·ing : to be aware of the reasonable possibility of (as an occurrence or development) beforehand

freddie mac

for new homebuyers. Also known as a Government Sponsored Enterprise (GSE). Source: U.S. Department of Housing and Urban Development

front end ratio

interest, insurance, and real estate taxes) to monthly income before deductions. Source: U.S. Department of Housing and Urban Development

landmark

an object (as a stone or tree) that marks a boundary of land 2 : an event or development that marks a turning point or stage [a decision] 3 : a structure (as a building) of unusual

global debt facility

U.S. dollar and foreign currency through a variety of clearing systems. Source: U.S. Department of Housing and Urban Development

good faith estimate

the borrower within three days after submission of a loan application. Source: U.S. Department of Housing and Urban Development

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