Acredit


Definition of "A-Credit"

Melody Batule real estate agent
Melody Batule Keller Williams Realty

A borrower with the best credit rating, deserving of the lowest prices that lenders offer.

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Popular Real Estate Terms

Interest Cost (IC)

A comprehensive and time-adjusted measure of loan cost to the borrower. IC on a Mortgage: IC is what economists call an 'internal rate or return.' It ...

Mortgage Company

A mortgage lender that sells all the loans it originates in the secondary market. ...

Prepayment

A payment made by the borrower over and above the scheduled mortgage payment. If the additional payment pays off the entire balance it is a prepaymen ...

Credit Report

A credit report contains detailed information regarding the relationship history of an individual with several financial institutions. How do I get a ...

Closing Date

The date on which the closing occurs. On a purchase transaction, there is no financial advantage to the buyer/borrower in closing on any day of the mo ...

Note

A document that evidences a debt and a promise to repay. A mortgage loan transaction always includes a note evidencing the debt, and a mortgage evide ...

Popular Real Estate FAQ

What Are Discount Points?

Discount points are a type of point paid by the borrower to reduce the interest rate. ...

I Looked At A Property Yesterday With A REALTOR® Who Seems To Be Clueless. I Am Really Interested In Purchasing The Property, Though. Can I Switch Agents And Still Make The Purchase?

If you truly want to purchase that property, the only ethical thing to do is to purchase it through that REALTOR. Otherwise, you could set up potenti ...

I Dont Know The Zip Code Of My Areas. How Do I Find An Agent That Is Right For Me In My Area.

Please refer to our directory, where you will be able to browse using Counties and/or Cities. ...

What If The Computer I Want To Insure Is Homemade Or Custom-built?

Insurance will cover any homemade or custom-built system, but you will need to have proof of ownership of each of the individual parts within the comp ...

What Do I Need To Know About Renters Insurance, And What Does It Cover?

You might think, \"Why do I need insurance, I\'m renting?\" Well, even though your landlord probably has an insurance policy on your building, you\'ll ...

What Is The Difference Between Being Prequalified And Preapproved For A Loan?

The difference between being prequalified and preapproved is simple: If you\'re prequalified it means that you POTENTIALLY could get a loan for the ...

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FAQ

What do I need to know about Renters Insurance, and what does it cover? What is an inspection? What is equity? What are my coverage options? What are discount points?