Junk Fees
Definition of "Junk Fees"
A derogatory term for lender fees that are expressed in dollars rather than as a percent of the loan amount.
Popular Mortgage Terms
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A documentation requirement where the applicant's income is not disclosed. ...
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The sum of all interest payments to date or over the life of the loan. This is an incomplete measure of the cost of credit to the borrower because it does not include upfront cash ...
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In general, a Down payment is a one-time payment a buyer makes to diminish the risks of the seller of expensive goods like a car, or a house. In Real Estate, the home buyer makes a down ...
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Housing expense plus current debt service payments. ...
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