First Time Home Buyers
From the monthly archives: September 2008
Zero capital gains rate is the 0 percent tax rate that’s applied when an individual sells property in a designated enterprise zone. The existence of the zero capital gain rate is intended to stimulate investment in designated communities.
Continue Reading →The wonderful appearance of a zero balance occurs when a borrower has paid of their loans and there is nothing left to repay.
Continue Reading →Yupcap is a slang term for a young, educated, working professional who can’t afford to buy a home. Yupcaps have reliable, competitive income, but are kept out of homeownership due to the rising cost of real estate in the U.S.
Continue Reading →Yield spread premium is the difference between the interest rate a borrower pays on a mortgage loan, and the lender’s par rate for which that borrower qualifies. This difference is the broker‘s compensation for originating the mortgage. Yield spread premiums are disclosed on the HUD-1 Form.
Continue Reading →A yield curve is a graph that shows the relationship between interest rates and time.
Continue Reading →WSJ prime rate is a consensus prime rate published by the Wall Street Journal, which obtains the information via a survey of financial institutions. The prime rate is a benchmark lending rate that generally remains 3 percentage points higher than the fed funds rate.
Continue Reading →Writ is a written, binding order issued by a judge, judicial officer or court.
Continue Reading →A consolidation of balances on all mortgages into one loan.
Continue Reading →A wraparound loan is a refinancing technique used with mortgages. A lender makes a new loan to the homeowner, and places the loan in a subordinate position to the existing first mortgage. After funding (rather than at funding), the borrower uses the proceeds from the new loan to pay off the [...]
Continue Reading →A worm is a malicious computer program that can replicate and distribute itself via a network. Worms can run themselves, while viruses rely on a host program.
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