May 2017 | Garden State Home Loans | NJ
Home Inspection Checklist

Home Inspection Checklist

Home Inspection Checklist Structure Inspecting the structure of the home includes looking over the floors, walls, roof framing, and ceiling... read more →

conventional loan

Definition: conventional loan A conventional loan is a mortgage that is not guaranteed or insured by a government agency.

rehabilitation loan

Definition: rehabilitation loan A rehab loan is a one-time opportunity to clean the default on a defaulted federal education loan... read more →

jumbo loan

Definition: jumbo loan Jumbo loans are given out for an amount that exceeds conforming loan limits established by regulations. In... read more →

Investment loan

Definition: investment loan An investment loan is an amount of money lent to finance a project.

Primary Loan

Definition: Primary loan A primary loan is the first loan that a borrower takes out on a piece of collateral.

Refinance (home loan)

Definition: refinance (home loan) Getting a new mortgage to replace the original one is known as refinancing, and is done... read more →

USDA Loan

Definition: USDA Loan A USDA loan is a zero down payment mortgage that is made available to rural and suburban... read more →

VA Loan

Definition: VA Loan A VA loan is a mortgage loan program provided to help veterans and their families obtain home... read more →

income

Definition: income Income is the money received, on a regular basis, for work performed.

creditworthiness

Definition: creditworthiness Creditworthiness is the valuations of borrowers by lenders that determines the possibility a borrower may default on their... read more →

asset

Definition: asset An asset is a property owned by a person that is regarded to have value and can meet... read more →

loan application

Definition: loan application A loan application is a document the provides information, financial and otherwise, about the borrow that lenders... read more →

lender

Definition: lender A lender is any organization, individual, or public group that makes funds available with the stipulation that the... read more →
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