Definition of "Discount loan"

Lou Nettle real estate agent

Written by

Lou Nettleelite badge icon

Ebby Halliday Realtors

A loan in which the entire charge is subtracted up front from the face value of a loan. The proceeds received are the face value of the loan less this deduction, which increases the effective interest rate. See also annual percentage rate.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

Private company established in 1957 and headquartered in Milwaukee, WI, providing private mortgage insurance (PMI) to mortgage lenders granting mortgages to mortgagors not having at least a ...

Established federal, state or local structural building requirements that have to be adhered to so as to receive certification by the government authority. Housing code enforcement is ...

Buyer who is acting in good faith, is not aware of any outstanding claims or rights of others to the property, and has given valuable consideration as part of the business transaction. ...

Tank placed beneath the ground to accumulate sewage. ...

Evaluating a locality to determine its value and appropriateness for designated objectives. ...

Style of home emphasizing symmetry and balance. ...

Payment made by the tenant to the landlord for the right to use property, such as an apartment or office. ...

Scarcity is a fundamental term in economics, mirroring the limited resources and needs gap. The shortage demands consumers to make logical decisions on spending their money efficiently. ...

See before-tax cash flow; cash flow. ...

Popular Real Estate Questions