Easy Credit


Definition of "Easy credit"

Situation in which very few prospective buyers of real estate are rejected by lenders. This may be due to ample money supply, lower interest rates, and/or relaxed credit standards. See also easy money; tight credit.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Easy Money

Increase in the amount of money available for businesses and people to by real estate because of lower interest rates. Easy money stimulates spending ...

Assignment Of Proceeds

Agreement to transfer funds to a third party. ...

Balloon Clause

Provision in a mortgage that requires the final payment to be substantially more than all other payments. ...

Tender

To present something of value for another's acceptance. An example is making a bid at a public auction for real property. ...

Power Of Sale

provision in a mortgage agreement granting the lender the right to sell the foreclosed property of the borrower if the payments are defaulted upon. Th ...

Title Abstract

Same as term abstract: An abridge copy or summary of a document. ...

Popular Real Estate FAQ

What Is Cooperative?

Cooperative is a form of home ownership in which you own shares in a corporation. In return for the purchase of shares, you are allowed to live in a u ...

What Is PITI And What Does It Stand For?

PITI is the total monthly payment you make on a house-Principal, Interest, Taxes, and Insurance. ...

What Is An Origination Fee?

An origination fee is a fee paid to a lender for processing a loan application. ...

What Is A Title?

A title is the right of property ownership. ...

Why Should I Use A Real Estate Agent?

A real estate agent is more than just a \"sales person.\" They act on your behalf as your agent, providing you with advice and guidance and doing a j ...

What Are Comparables Or Comps?

Recently sold properties that are similar in size, location, and amenities to the home for sale. These properties help an appraiser determine the fair ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Down Payment: Everything You Wanted to Know Luxury Real Estate Forecast Furnished Rental Tips for Real Estate Investors How to Buy a House Quickly What is a Credit Score and How Does it Impact Real Estate?

FAQ

What does Fannie Mae mean? What do I need to know about Individual Health Insurance? What does a back-end ratio mean? What is cooperative? What is a convertible ARM?