Guaranteed Payment Loan


Definition of "Guaranteed payment loan"

Logan Saunders
  Berkshire Hathaway Home Services

An assurance a loan's financial obligation will be secured by a third party.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Real Estate Property Tax

Prevalent type of property taxes assessed on real estate. It is usually collected by the local gove ...

Cape Cod Colonial House

Early American style 1 story house with a steep gable roof covered with shingles. The bedrooms are o ...

Usury Laws

State laws limiting the interest rate that can be charged to individuals borrowing money in that sta ...

Lay Of The Land

An idiomatic expression indicating the desire of an individual to understand new surroundings and al ...

Absolute Liability

Liability without fault; also known as liability without regard to fault or strict liability. Absolu ...

Conversion Proceeds

Amount received when property is changed from one use to another. ...

Related Real Estate FAQ

What Is A Ginnie Mae?

A Ginnie Mae is a name for the Government National Mortgage Association (GNMA), which is a governmen ...

What Are Basis Points?

Basic points relates to changes in the interest rate for your home. ...

What Is A Buyer’s Agent?

An agent hired by buyers to help them find and negotiate the purchase of a home. This agent works fo ...

What Is A Mortgage?

A mortgage is a legal document that pledges your property as security (like collateral) for a loan. ...

What Is An Origination Fee?

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

What Is A Front-end Ratio?

A front-end ratio is a ratio of the borrowers monthly housing expenses-including principal, interest ...

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

Real Estate Open House - The Dos and Don 3 tips to ensure your sale goes through Top Five Reasons Your Home Offer was Rejected Home Prices - The Extra Costs Build or Buy? That’s the Big Question

FAQ

I looked at a property yesterday with a REALTOR® who seems to be clueless. I am really interested in purchasing the property, though. Can I switch agents and still make the purchase? What is escrow? I dont know the zip code of my areas. How do I find an agent that is right for me in my area. Do you have any tips to help me manage my investing? Do I need Earthquake Insurance?