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  2. Promissory note - Wikipedia

    en.wikipedia.org/wiki/Promissory_note

    A 1926 promissory note from the Imperial Bank of India, Rangoon, Burma for 20,000 rupees plus interest. A promissory note, sometimes referred to as a note payable, is a legal instrument (more particularly, a financing instrument and a debt instrument), in which one party (the maker or issuer) promises in writing to pay a determinate sum of money to the other (the payee), either at a fixed or ...

  3. Creditor - Wikipedia

    en.wikipedia.org/wiki/Creditor

    A creditor or lender is a party (e.g., person, organization, company, or government) that has a claim on the services of a second party. It is a person or institution to whom money is owed. [ 1 ] The first party, in general, has provided some property or service to the second party under the assumption (usually enforced by contract ) that the ...

  4. Negative amortization - Wikipedia

    en.wikipedia.org/wiki/Negative_amortization

    Reverse mortgage: In the extreme or limiting case of the principle of negative amortization, the borrower in a loan does not need to make payments on the loan until the loan comes due; that is, all interest is capitalized, and the original principal and all interest accrued as of the due date are paid off together and at once.

  5. Mortgage bankers: Who they are and what they do in home lending

    www.aol.com/finance/mortgage-bankers-home...

    Mortgage banker vs. mortgage broker. Mortgage bankers are often confused with mortgage brokers, but they’re very different. A mortgage banker is tied to one financial institution, while a ...

  6. Hard money lending: Guide to hard money loans and lenders - AOL

    www.aol.com/finance/hard-money-lending-guide...

    Hard money loans vs. traditional mortgages. ... Contact the lender and apply: Talk with the lender and submit an application, answering any questions it has and providing the required documents.

  7. Mortgage lender vs. servicer: What’s the difference? - AOL

    www.aol.com/finance/mortgage-lender-vs-servicer...

    When your lender transfers your loan to a mortgage loan servicer and you were not notified at closing, you’ll receive two letters: a “goodbye” letter from your mortgage lender and a “hello ...

  8. Debenture - Wikipedia

    en.wikipedia.org/wiki/Debenture

    In corporate finance, a debenture is a medium- to long-term debt instrument used by large companies to borrow money, at a fixed rate of interest. The legal term "debenture" originally referred to a document that either creates a debt or acknowledges it, but in some countries the term is now used interchangeably with bond, loan stock or note.

  9. Mortgage lenders vs. banks: Which is best for you? - AOL

    www.aol.com/finance/mortgage-lenders-vs-banks...

    Mortgage lender vs. mortgage broker Though they sound similar, mortgage brokers are quite different from mortgage lenders. Brokers don’t originate mortgages themselves.