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FET Open Financial Glossary

What is it? Part of FET program where topics are not predefined and runs under continuously open calls

Finance Term Definition Added By: Logan

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Other Similar Finance Terms:

Financial Term Private mortgage insurance is Default insurance on conventional loans provided by private insurance companies. See mortgage insurance.

Financial Term LoantoValue Ratio (LTV) is The ratio determined by dividing the balance of a mortgage loan by the appraised value of the real estate. For instance, if the balance on a mortgage loan is $80,000 and the appraised value of a home is $100,000, the LTV is 80%.

Financial Term Contract for deed is Same or similar to contract to purchase. See also contract to purchase under mortgage.

Financial Term Portfolio Manager is See Fund Manager

Financial Term CoSigner is A person who signs a loan application with the primary applicant and agrees to be equally liable for the balance.