To help you locate a term, enter the first character or two of a term and press the 'Refresh' button. Or, just click on the handy alphabetical index to jump to that section of the glossary.
| Date (htm) |
| Enter the
date of the combined report.
|
| Date of 1st payment (htm) |
| Enter
the date of the first regularly scheduled payment. Select to display the number
of days on the Excel spreadsheet.
|
| Date of first interest payment |
| where the principal and interest are being amortized differently. The left panel entry is the first payment to principal and this entry box asks for the date of the first interest payment. |
| Days (C) (htm) |
| Select
to display the number of days on the Excel spreadsheet.
|
| Days to Maturity |
| Enter the number of days to term. |
| Days to Maturity (htm) |
| Enter
the number of days to term.
|
| debt ratio |
| The total of all of the borrowers monthly payments including the proposed house payment(PITI), divided by the borrowers gross income. |
| deed of trust |
| The document used in some states instead of a mortgage. There are three parties to the instrument: the borrower, the trustee, and the lender, (or beneficiary). The borrower transfers the legal title for the property to the trustee who holds the property in trust assecurity for the payment of the debt to the lender or beneficiary. |
| default |
| Failure to make payments called for on a timely basis, or to comply with other requirements or covenants on a loan,. In the event of default, the governing instrument may give the lender the right to accelerate payments, take possession and receive rents, and startforeclosure. |
| Default for QAPR
files (htm) |
| Name the drive and folder where you want QAPR files to be saved.
|
| Default location for
EXAMPLE files (htm) |
| Name the drive and folder where you want stored example files
to be saved.
|
| Default location for
EXCEL files (htm) |
| Name the drive and folder where you want Excel output files to
be saved.
|
| Default location for
STUDY files (htm) |
| Name the drive and folder where you want loan (study) files to
be saved.
|
| default/repo insurance |
| Insurance insuring the lender against the borrower's default and/or the costs ofrepossessing the collateral. This insurance premium must always be included in the finance charge under Regulation Z. |
| Default/repo
insurance (htm) |
| Enter the insurance premium. This insurance protects the lender
against possible default and/or costs of repossessing the collateral and is
always included in the finance charge.
|
| Deferred |
| Check this box to enter deferred deposits/withdrawals. |
| Deferred (Deposits) (htm) |
| Check
this box to enter deferred deposits.
|
| Deferred
(Withdrawals) (htm) |
| Check this box to enter deferred withdrawal amounts.
|
| Delete (htm) |
| Click to
delete the selected example.
|
| delinquency |
| Failure to make loan payments when due. |
| Deposit Amount |
| The amount of the regular deposit. |
| Deposit Amount (htm) |
| The
amount of the regular deposit.
|
| Deposits |
| Check this box to enter deposit amounts. |
| Deposits (htm) |
| Check
this box to enter deposit amounts.
|
| Deposits Per Year |
| The number of deposit periods per year if the account includes regular deposits. |
| Deposits Per Year (htm) |
| The
number of deposit periods per year if the account includes regular deposits.
|
| Description (htm) |
| Type
your request.
|
| Developer Activation
Password (htm) |
| Enter the password given to you by Math Corporation.
|
| Developer Preview (htm) |
| This
screen displays the internal code information for the loan application and the
amortization schedule.
You can scroll through the pages, zoom in and out, and print
the report by using the icons on the toolbar.
|
| differing frequency loan |
| A loan on which payments to principal and interest are paid at different frequencies. For example a loan could call for principal payments to be paid annually and interest payments to be paid monthly. |
| Differing Frequency
No (htm) |
| Select if principal and interest payments will be made at the same
frequency.
|
| Differing Frequency
Yes (htm) |
| Select if principal and interest payments will be made at different
frequency.
|
| Disclosed APR (htm) |
| Enter
the annual percentage rate (APR) as disclosed for this loan.
|
| disclosures - combined |
| Select to produce a disclosure statement that includes both the single level loan and the construction loan terms. |
| disclosures - separate |
| Select to produce individual disclosure statements for the single level loan and the construction loan terms. |
| Disclosures Combined (htm) |
| Select
to produce a disclosure statement that combines the construction and permanent
financing phases.
|
| Disclosures Separate (htm) |
| Select
to produce individual disclosure statements for the construction and permanent
financing phases.
|
| discount interest |
| |
| discount ( or re-discount) rate |
| The rate at which Banks borrow from the Federal Reserve Bank. |
| Discount Rate Periods |
| The number of payments the initial discount rate is in effect. |
| discounted rate |
| A lower or "teaser" rate on a variable rate or adjustable rate mortgage for an early period inthe life of the loan. After this period is over the rate may rise. |
| Display "What's this" help |
| If you feel you don't need to see the "what's this" help buttons (the little question mark icons) you can turn them off on all pages by unchecking this box. |
| Display "What's this" help |
| If you feel you don't need to see the "what's this" help buttons (the little question mark icons) you can turn them off on all pages by unchecking this box. |
| Display Detail
Schedule (htm) |
| Select to display the detailed amortization schedule.
|
| Display Input Terms (htm) |
| Display
all of the loan terms above the amortization schedule.
|
| Display Options: QAPR
Combined Report (htm) |
| Enter the values for the QAPR Combined Report.
|
| Display Options:
Amortization (htm) |
| Select the display options for the amortization schedule.
Required fields are automatically included.
|
| Display Options:
Export to Excel (htm) |
| Select the display options when exporting a loan to Excel.
Choose whether non-display columns should be hidden or removed from the
resulting Excel file.
|
| Display year end
totals (htm) |
| Select to display year end totals on the report.
|
| Document (htm) |
| Click to
select from the list of documents available for this loan application.
|
| Documentation (htm) |
| This
screen displays the same information as the Truth In Lending Statement, but in
a slightly different format. Information includes the annual percentage rate
(APR), total finance charge, the amount financed, the total amount (including
principal and interest) that will be repaid by maturity, and the payment
schedule, including the total number of payments, payment amount, and payment
due dates.
You can scroll through the pages, zoom in and out, and print
the report by using the icons on the toolbar.
|
