The major requirements of a loan, which determine how it is repaid.
Example: Mortgage loan terms include interest rate, amortization period, monthly payment, escrow account requirements, prepayment penalty, and so forth.
Loan Terms
| Real Estate Dictionary: Loan Terms |
| 5min Related Video: Loan Terms |
Learn More
 | Assumable Loan (business term) |
| Assurance Services (in accounting) |
| Broker Price Opinion (BPO) (in banking) |
Help us answer these
 | Short term loans are preferred by? |
| What is the basis of long term loans? |
| What is the term for someone providing a loan? |
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 | Real Estate Dictionary. Dictionary of Real Estate Terms. Copyright © 2004 by Barron's Educational Series, Inc. All rights reserved. Read more |
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Mentioned in
- Assumable Loan (business term)
- Assurance Services (in accounting)
- Broker Price Opinion (BPO) (in banking)
- Consumer Credit Protection Act of 1968 (finance term)
