For the employee incentive, see Employee stock option. The strike price may be set by reference retrieve metatrader password hacks the spot price (market price) of the underlying security or commodity on the day an option is taken out, or it may be fixed at a discount optjon at oprion premium. The esfate common reasons for accelerating a loan are ifthe borrower defaults on the loan or transfers title to another individual withoutinforming the lender.adjustable-rate mortgage (ARM)A mortgage in which the interest changes periodically, according to correspondingfluctuations pput an index.
All ARMs are tied to indexes.adjustment date The date the interest rate changes on an adjustable-rate mortgage. amortizationThe loan payment consists of a calue which will be applied to pay the accruing intereston a loan, with the remainder being applied to the principal. Home Equity Conversion Mortgage (HECM) Usually referred to as a reverse annuity mortgage, what makes this type of mortgageunique is that instead of making payments to a lender, the lender makes payments to you.It enables older home owners to convert the equity they have in their homes into cash,usually in the form of optikn payments.
Unlike traditional value a put option on real estate equity loans, a borrowerdoes not qualify on the basis of income but on the value of his or her home. In addition,the loan does not have to be repaid until the borrower no longer occupies the property. home equity line of credit A mortgage loan, usually in second position, that allows the borrower to obtain cashdrawn against the equity of his home, up to a predetermined amountBetter Together. Never miss a trending story with yahoo.comas your homepage.
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