Confused in the Home Loan jargon? Our glossary
will help you in understanding the basic loan related terms.
Browse through the glossary or serach for a term through the
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Glossary of Home insurance
Calculations that are used in determining whether a borrower
can qualify for a mortgage. They consist of two separate calculations:
a housing expense as a percent of income ratio and total debt
obligations as a percent of income ratio.
The estimated cost of insurance coverage based on specific
information provided to the agent, broker, or insurance
company. Also called a bid.