FIND TERM: 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
- Partial claim
- Pay for deletion agreement
- Payday loan
- Permissible purpose
- Personal loan
- Personal statement
- Petition
- Piggybacking
- PinnacleSM score
- PLUS score
- Points
- Postdated check
- Potentially negative items
- PRBC
- Pre-foreclosure sale
- Preemption
- Prepayment penalty
- Primary lien
- Prime
- Prime rate
- Principal
- Private mediation
- Private mortgage insurance (PMI)
- Promotional inquiry
- Promotional rate
- Proposal
- Public records
Interesting Facts
A personal statement does not affect your credit scores. It can be used however to explain certain negative items that might be reviewed by an interested party granted access to your credit reports.
A 20% down payment may not be necessary to qualify for a conventional mortgage. A homebuyer may avoid paying private mortgage insurance if they combine a second mortgage with a down payment to exceed the 20% down requirement.
