Worstcase Scenario | Mortgage Glossary

Definition of "Worst-Case Scenario"

Margo Spoerl

C21/Real Estate Champions

On an ARM, the assumption that the interest rate rises to the maximum extent
permitted by the loan contract.

Computer software packages designed to serve mortgage banking functions, such as mortgage loan accou ...

Principle stating that the joint tenants must have equal rights to possession of the whole property. ...

Individual or organization that is a potential purchaser of an insurance product. ...

Chronological (real) age of property. ...

Exclusive right granted by the government to a company or person to use, manufacture, and sell a pro ...

Insurance company that specializes in underwriting casualty insurance. ...

General Liability Coverage includes: Bodily Injury Liability Coverage: Help protect you in case ...

Mortgage companies use ratios to analyze your mortgage payment. The housing payment ratio (or front ...

Underwriting is the process of evaluating a loan to determine whether the loan is a good risk. ...

Hazard insurance is insurance coverage that compensates for physical damage to a property from natur ...

Jumbo mortgages are mortgages larger than the limits set by Fannie Mae and Freddie Mac. A jumbo mort ...

Our agents have a wide range of coverages available, as well as an array of choices for limits and d ...

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