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mortgage insurance premium (mip)

mortgage insurance premium (mip) a monthly payment -usually part of the mortgage payment - paid by a borrower for mortgage insurance. Source: U.S. Department of

prepayment penalty mortgage (ppm)

penalty mortgage (ppm) a type of mortgage that requires the borrower to pay a penalty for prepayment, partial payment of principal or for repaying the entire loan within a certain time period. A partial payment is generally

rate

rate 1 : a fixed ratio between two things 2 : a charge, payment, or price fixed according to a ratio, scale, or standard: as a : a charge per unit of

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compensation

agreement 3 : something that makes up for a loss [received for the breach of contract] ;specif : payment to unemployed or injured workers or their dependents see also unemployment compensation, workers' compensation 4 : payment for

remit

to a former status or condition 4 : to send (money) to a person or place esp. in payment of a demand, account, or draft vi : to send money (as in payment) re·mit·ment n re·mit·ta·ble adj

rent

another to hold as owner a tract of land or other immovable property in perpetuity in exchange for payment of an annual sum or quantity of fruits c : the amount paid by a hirer of personal

settle

an agreement negotiated by the parties usually out of court c : to close (as an account) by payment ;also : to close by compromise and payment of less than the full amount claimed or due vi

Fees and taxes

Fees and taxes, 'Fees' are the amounts paid for a privilege, and are not an obligation, but the payment is voluntary. Fees are distinguished from taxes in that the chief purpose of a tax is to raise

standard mortgage clause

usually considered to form a separate contract between the insurer and mortgagee under which the mortgagee can collect payment even if the policy is void or voidable with regard to the insured (as because of fraud or

stock

access to information not publicly available cumulative preferred stock : preferred stock whose holders are entitled to the payment of cumulative dividends as well as current dividends before common stockholders are paid growth stock : stock issued

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