Flexible Premium


Definition of "Flexible premium"

Scott Ricamore
  Keller Williams Park Cities

one in which the amount and frequency of payment may fluctuate.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Unauthorized Insurance

Insurance policy sold by nonadmitted insurer. ...

Term

The period used to calculate the monthly mortgage payment. The term is usually but not always the ...

Soil Tests

Examining and testing the ground to determine the conditions for building something, such as an offi ...

Amortization Schedule

Schedule showing the breakdown of each loan payment that consists partly of interest and partly of ...

Partial Prepayments (or Paying Off Early)

Making a payment larger than the fully amortizing payment as a way of retiring the loan before ter ...

Federal Housing Administration (fha)

Agency of the United States Government that insures primarily residential mortgage loans against def ...

Related Real Estate FAQ

What Is Equity?

Equity is the financial interest or cash value of your home, minus the current loan balance(s). If s ...

What Is A Default?

A default is when a person fails to make payments on a loan. ...

What Is A Gift Letter?

A gift letter is when an individual gives you money for a down payment as a gift, that person must w ...

What Is A Qualifying Ratio?

A qualifying ratio is the percentages a lender compares to see whether you qualify for a loan. ...

What Are Prepayment Penalties?

A penalty fee charged for paying off a mortgage early, thus allowing banks to still make money off o ...

What If They No Longer Make My Specific Computer?

The insurance company will replace it with a model as close to it as possible in the current retail ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

5 U.S. Cities with the Best Public Transportation Is it better to buy or sell a home first What is Earnest Money Why Use a Real Estate Agent? 10 Tips for Homebuyers

FAQ

What is hazard insurance? What is a rate lock? What do I need to know about Group Health Insurance? What is equity? What is Freddie Mac?