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Sunday, March 21, 2010
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Glossary of Terms
Glossary of Terms
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L
M
N
O
P
Q
R
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P & I Principal And Interest.
P & L / Profit And Loss
Package Mortgage
Partial Claim
Partial Entitlement
Partial Payment
Partial Prepayment
Participation Financing
Party Wall
Password
Paydown Magic
Payment Adjustment Interval
Payment Cap
Payment Change Date
Payment Decrease Cap
Payment Increase Cap
Payment Period
Payment Power
Payment Protection
Payment Rate
Payment Schedule
Payment Shock
Payoff Month
Pension Plan
Per Diem Interest
Percolation Test
Periodic Cap
Periodic Payment Cap
Periodic Rate Cap
Periodic Refinancing
Permanent Buydown
Permanent Financing
Permanent Loan
Personal Loan
Personal Property
Pest Inspection
Phone
Pick A Payment Arm
Piggy Back Loan
Piggyback Mortgage
Pipeline Risk
PITI
PITI Reserves
Planned Unit Development (Pud)
Plat
Pledge Account Mortgage
PMI (Private Mortgage Insurance)
Point
Point-Of-Sale (Pos)
Points
Portable Mortgage
Portfolio Lender
Posted Prices
Power Of Attorney
Pre Approval
Pre-Foreclosure Sale
Pre-Paid Items
Pre-Qualification
Predatory Lending
Preferred Stock
Prelim. / Preliminary Title Report
Premium
Prepaid Expenses
Prepaid Interest
Prepaids
Prepayment
Prepayment Penalty
Prepayment Premium
Price-Gouging
Primary Mortgage Market
Primary Residence
Prime Rate
Principal
Principal Balance
Principal Limit
Private Mortgage Insurance (PMI)
Processing
Promissory Note
Property Flipping
Property Tax
Prorations
Public Auction
PUD (Planned Unit Development)
Purchase Agreement
Purchase Money Mortgage
Purchase Money Transaction
Purchase Option
Purchase-Money Mortgage
Purchase-Money Transaction
Periodic Refinancing
An ill-advised scheme to tap into equity for cash advances through periodic refinancings.