A package loan is a
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package loan — UK US noun [C] PROPERTY, BANKING ► a loan used to buy a house, which finances not only the property but personal items, such as furniture, carpets, etc. that are included in the sale: »Consider a package loan if you are purchasing a fully… … Financial and business terms
Loan modification in the United States — Loan modification, the systematic alteration of contactual mortgage loan agreements, has been practiced in the United States since the 1930s. During the Great Depression loan modification programs took place at the state level in an effort to… … Wikipedia
Loan origination — is the process by which a borrower applies for a new loan, and a lender processes that application. Origination generally includes all the steps from taking a loan application through disbursal of funds (or declining the application). Loan… … Wikipedia
loan guarantee — ➔ guarantee2 * * * loan guarantee UK US (US also loan guaranty) noun [C] ► BANKING, FINANCE an agreement where a government or financial organization promises to pay back a loan if the borrower cannot: » A loan guarantee from the government… … Financial and business terms
package — ▪ I. package pack‧age 1 [ˈpækɪdʒ] noun [countable] 1. TRANSPORT an amount of something or a number of things, packed together and wrapped up ready to be sent somewhere ; = PARCEL: • The company delivers 300,000 packages overnight … Financial and business terms
Loan Participation Note - LPN — A fixed income security that permits investors to buy portions of an outstanding loan or package of loans. LPN holders participate, on a pro rata basis, in collecting interest and principal payments. Banks or other financial institutions often… … Investment dictionary
Loan Note — An extended form of an IOU from one party to another that enables a payee to receive payments (possibly with interest) over a set period of time, ending with the date at which the entire loan is to be repaid. Loan notes are usually provided in… … Investment dictionary
Mortgage loan — Mortgage redirects here. For other uses, see Mortgage (disambiguation). Finance Financial markets … Wikipedia
Student loan — A student loan is designed to help students pay for university tuition, books, and living expenses. It may differ from other types of loans in that the interest rate may be substantially lower and the repayment schedule may be deferred while the… … Wikipedia
FHA loan — is a federal assistance mortgage loan in the United States insured by the Federal Housing Administration. The loan may be issued by federally qualified lenders.FHA loans have historically allowed lower income Americans to borrow money for the… … Wikipedia
