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A loan, usually a mortgage, with an initial loan amount equal to 125% of the initial property value. In other words, a 125% loan has a loan-to-value ratio (LTV ratio) of 125%.
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What is the definition of a VA mortgage loan?
The definition of a VA mortgage loan is a loan that is guaranteed by the Veterans Administration. The purpose of this loan is to assist veterans and their families in obtaining home financing.
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Definition of a drawdown loan?
Loan draw down is withdrawing the money as in the disbursement of the loan.
What is one tip on using the 125 percent home equity loan?
The 125 percent home equity loan should only be your choice if you do not plan on moving for a long time. It would also be great to have a good credit history, since the period for paying the 125 percent equity loan is quite long.
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The definition of working capital loan is a loan for which the purpose is to finance everyday operations of a company. You can learn more about working capital loans at the Investopedia website.
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Why would one choose a 125 equity loan?
You should choose a 125 equity loan if you have no money paid into your house and you need to make upgrades or repairs. It may not give you a large amount of money.
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The definition of the phrase syndication loan is: "A loan offered by a group of lenders who work together to provide fund for a single borrower." The borrower could be a corporation, a large project or a government.
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When a loan matures, the principle of the loan is repaid and lent at a potentially new rate, hence the term "repricing."
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Loan origination date is the date that the loan was started. It may also be called "closed date". The difference between the loan origination date and the loan maturity date is the term of the loan.
