Close

Back to Glossary

Close

Updated

January 19, 2023

A term used to describe the date and final step in order to sign your new loan.

Cumulative Interest

Creditworthiness

Convertible ARM

Convertibility Clause

Conventional Loan

Related Topics

When Is the First Mortgage Payment Due?

What Does Foreclosure Mean?

What Is a HELOC Loan?

Loan Default

Financial Considerations (For First-Time Home Buyers)

Mortgage Loan Types

Payment and Debt Ratios

Home Value: Appraised, Estimated, Actual