Understand, Build and Manage
Your Credit whether you’re buying a home, a car or applying for a credit card – Terms are used and you may not know of its meaning so we put together a list of the most common terms out there.
A B C D E F G H I j k L M N O P Q R S T U V W X Y Z
Net home price
Selling price of your home after subtracting any sales commissions.
Net house payment
Your house payment minus the value of the tax deduction and principal payment.
Notice of results
If you've requested an investigation of information on your credit report, you're entitled to receive a Notice of Results if your information was updated or deleted. You may request that the credit bureau send the corrected information in your credit history to credit grantors and employers who reviewed your information within a specific period of time. If your investigation does not result in a change to your credit history, the results will not be sent.
Number of points paid
The total number of points (prepaid interest) used to reduce the interest rate of your mortgage. Each point equals 1% of your mortgage balance.