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A mortgage, much like a dog, marriage, or neck tattoo, is a major commitment, and not one that should be taken lightly. While a mortgage may save you money on a month-to-month basis compared to renting, there’s a significant initial investment, from the down payment to legal fees to closing costs.
New Means Test Income Data Veterans Affairs (VA) Benefits – Means Test Thresholds. Veterans enrolling in priority group 5 based on their inability to defray the cost of care must provide information on their annual household income and net worth to determine whether they are below the annually adjusted "means test" financial threshold.
Mortgagee Clause Definition A property insurance provision granting special protection for the interest of a mortgagee (e.g., financial institution that has an interest in the property) named in the policy, in effect setting up a separate contract between the insurer and the mortgagee.
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LIST OF ABBREVIATIONS Below is the list of standard abbreviations for your reference purpose as some of them may have been used in your closing documents as well. MORTGAGE SPECIFIC TERMS ABBREVIATION TERMS ABBREVIATION ALSO KNOWN AS AKA ITS SUCCESSORS AND/OR ASSIGNS ISAOA ASSESSOR’S parcel number apn LOAN TO VALUE/LOAN TO VALUE RATIO LTV
· Hotel Industry Terms to Know is sponsored by the American Hotel & Lodging Educational Institute. Editor’s note: This article has been updated to include several new entries, including bleisure, global distribution system, direct booking, year over year and several more.
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