Credit History
Definition of "Credit history"
History of an individual's credit financial transactions including a detailed payment analysis. The creditor history is critical for performing a credit analysis to develop a credit rating. A credit history record of prompt and timely payments is important for a strong credit rating. A credit history is kept by major credit rating organizations and is accessible for a fee by commercial organizations as well as by individuals under terms of the Consumer Credit Protection Act.
Popular Real Estate Terms
Fibrous, fire-proofing material that was used in buildings and homes for insulation. ...
The right and duties of using and holding property. ...
Typically, the term rider defines a financial concept, implying a written modification applied to an insurance policy, altering its initial clauses and provisions. The rider can update the ...
Use of other people's money (OPM) in an attempt to maximize the return but at high risk. The use of leverage in real estate investing is a way to maximize yield on a small down payment. ...
Property of a defaulted borrower is sold under court order, and the judge must approve the amount received. For example, Fidelity Bank has a first mortgage balance of $100,000 on Mr. X's ...
Brick wall where a space or cavity is left between the inner and outer walls and is usually filled with insulation. ...
Predetermined price for a contract that will be the same irrespective of the actual costs incurred to complete it. This contract is advantageous to the buyer because he knows beforehand ...
Latin for by itself. A per se matter is one that is alone and not connected to another matter. For example, age, per se, is not a determinant of health. ...
Capitalization rate used to convert the expected income derived from a property into its estimated asset value. The estimated asset value may be computed by dividing the annual income ...
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