Hard Money Loan Glossary Georgia

This website offers a glossary on the most important terms associated with hard money loans.

Local Companies

Quality Mortgage Services
(770) 439-2113
109 N Erwin St
Cartersville, GA
Bb&t
(706) 276-3400
894 Maddox Dr
East Ellijay, GA
Title 1 Mortgage Inc
(770) 684-6608
120 Slate St
Rockmart, GA
American Home Loan Lender
(678) 513-6135
3450 Mathis Airport Pkwy
Suwanee, GA
Suntrust
(770) 972-2333
3035 Scenic Hwy S
Snellville, GA
Credit Solutions Risk Management
(770) 952-1638
2799 Delk Rd SE
Marietta, GA
Easy Mortgages
(770) 506-4141
4340 N Henry Blvd
Stockbridge, GA
Phh Mortgage
(770) 914-6680
4295 Jodeco Rd
McDonough, GA
Metro Mortgage
(678) 430-2430
695 Lyle Cir Ste D
Lawrenceville, GA
First National Bank of Georgia
(770) 646-6000
3559 Business 27
Buchanan, GA

Accelerate: An option given to lenders through an "acceleration" clause in the mortgage or deed of trust requiring the borrower to pay the entire balance of the loan all at once if their loan is in default.

Appraisal: The process in which a licensed or authorized person gives an estimate of property value.

Appreciation Assignment: The transfer of property to be held in trust or to be used for the benefit of the creditors (lenders).

Assignment: The written transfer of an interest in a lease of mortgage. The lessee, or assignor transfers the remainder of the term and the assignee becomes liable ot the original lessor for the rent.

Balloon Payment Mortgage: A mortgage in which monthly installments are not large enough to repay the loan by the end of the term. As a result, the final payment due is the lump sum of the remaining principal. It is common for these loans to be rather short terms, less than 10 years.

Bridge Loan: Bridge loans are loans intended to be used for a short period of time between the initial requuirements for funds and a permanent, usually less costly, financial solution.

Commercial Lender: Commercial lenders offer a variety of mortgage-backed loans for commercial property. Each commercial lender sets economic, demographic, and geographic criteria.

Deed of Trust: A three party security instrument conveying the legal title to real property as security for the repayment of a loan. The three parties included in a deed of trust are the borrower, lender, and trustee.

Fair Market Value: The price a property would sell for on the open market.

First Mortgage: The primary mortgage on a property that has priority over all other voluntary liens.

Hard Money: A hard money loan when the borrower's situation does not conform with common real estate lenders' standards for funding. Real estate provides the collateral for a hard money loan.

Hard Money Lender: A lender who offers loan funding based on real estate as the primary collateral asset.

Letter of Intent: A non-binding agreement between parties involved in a contract to move forward with negotiations or complete a project.

Lien: A legal claim upon real or personal property for the satisfaction of a debt.

LTV - Loan to Value: A simple ratio of the requested loan amount to the full market value of the collateralized property.

Market Value: A certified, written estimate of value calculated by an independent, licensed appraiser.

Personal Property: Property other than real property (real estate) consisting of things that are temporary or movable.

Point: A point is 1 percent of the amount of the mortgage.

Pre-Approval A loosely used term which is generally taken to mean that a borrower has completed a loan aplication and provided debt, income, and savings documentation which an underwriter has reviewed and approved. This process is independent of, and previous to, the same underwriting review of a property.

Prepayment Penalty: A charge, usually given as a percentage, that is listed in the origination terms of a loan.

Non-Conforming Loan: A non-conforming loan refers to a type of loan that does not meet bank standards for funding. The flexibility of private money can allow for a much wider range of projects to be funded, although additional collateral and documentation may be required by the lender.

Right of Redemption: A borrower's right to reacquire property lost due to a foreclosure. Governed by state law.

Underwriting: The process that lenders go through to evaluate the risks posed by a particular borrower and to set appropriate conditions for the loan.
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Regional Articles
- Hard Money Loan Glossary Acworth GA
- Hard Money Loan Glossary Albany GA
- Hard Money Loan Glossary Alpharetta GA
- Hard Money Loan Glossary Americus GA
- Hard Money Loan Glossary Athens GA
- Hard Money Loan Glossary Atlanta GA
- Hard Money Loan Glossary Augusta GA
- Hard Money Loan Glossary Austell GA
- Hard Money Loan Glossary Baxley GA
- Hard Money Loan Glossary Blairsville GA
- Hard Money Loan Glossary Brunswick GA
- Hard Money Loan Glossary Buford GA
- Hard Money Loan Glossary Calhoun GA
- Hard Money Loan Glossary Canton GA
- Hard Money Loan Glossary Carrollton GA
- Hard Money Loan Glossary Cartersville GA
- Hard Money Loan Glossary Cedartown GA
- Hard Money Loan Glossary Chatsworth GA
- Hard Money Loan Glossary Columbus GA
- Hard Money Loan Glossary Conyers GA
- Hard Money Loan Glossary Cordele GA
- Hard Money Loan Glossary Covington GA
- Hard Money Loan Glossary Cumming GA
- Hard Money Loan Glossary Dacula GA
- Hard Money Loan Glossary Dahlonega GA
- Hard Money Loan Glossary Dallas GA
- Hard Money Loan Glossary Dalton GA
- Hard Money Loan Glossary Dawsonville GA
- Hard Money Loan Glossary Decatur GA
- Hard Money Loan Glossary Douglas GA
- Hard Money Loan Glossary Douglasville GA
- Hard Money Loan Glossary Dublin GA
- Hard Money Loan Glossary Duluth GA
- Hard Money Loan Glossary Eatonton GA
- Hard Money Loan Glossary Elberton GA
- Hard Money Loan Glossary Ellenwood GA
- Hard Money Loan Glossary Ellijay GA
- Hard Money Loan Glossary Evans GA
- Hard Money Loan Glossary Fairburn GA
- Hard Money Loan Glossary Fayetteville GA
- Hard Money Loan Glossary Fitzgerald GA
- Hard Money Loan Glossary Flowery Branch GA
- Hard Money Loan Glossary Forest Park GA
- Hard Money Loan Glossary Fort Benning GA
- Hard Money Loan Glossary Fort Valley GA
- Hard Money Loan Glossary Gainesville GA
- Hard Money Loan Glossary Griffin GA
- Hard Money Loan Glossary Grovetown GA
- Hard Money Loan Glossary Hartwell GA
- Hard Money Loan Glossary Hephzibah GA
- Hard Money Loan Glossary Hinesville GA
- Hard Money Loan Glossary Jesup GA
- Hard Money Loan Glossary Jonesboro GA
- Hard Money Loan Glossary Kennesaw GA
- Hard Money Loan Glossary Kingsland GA
- Hard Money Loan Glossary La Fayette GA
- Hard Money Loan Glossary Lagrange GA
- Hard Money Loan Glossary Lawrenceville GA
- Hard Money Loan Glossary Lilburn GA
- Hard Money Loan Glossary Lithia Springs GA
- Hard Money Loan Glossary Lithonia GA
- Hard Money Loan Glossary Loganville GA
- Hard Money Loan Glossary Mableton GA
- Hard Money Loan Glossary Macon GA
- Hard Money Loan Glossary Marietta GA
- Hard Money Loan Glossary Mcdonough GA
- Hard Money Loan Glossary Milledgeville GA
- Hard Money Loan Glossary Monroe GA
- Hard Money Loan Glossary Morrow GA
- Hard Money Loan Glossary Moultrie GA
- Hard Money Loan Glossary Newnan GA
- Hard Money Loan Glossary Norcross GA
- Hard Money Loan Glossary Peachtree City GA
- Hard Money Loan Glossary Powder Springs GA
- Hard Money Loan Glossary Ringgold GA
- Hard Money Loan Glossary Riverdale GA
- Hard Money Loan Glossary Rockmart GA
- Hard Money Loan Glossary Rome GA
- Hard Money Loan Glossary Rossville GA
- Hard Money Loan Glossary Roswell GA
- Hard Money Loan Glossary Saint Simons Island GA
- Hard Money Loan Glossary Savannah GA
- Hard Money Loan Glossary Sharpsburg GA
- Hard Money Loan Glossary Smyrna GA
- Hard Money Loan Glossary Snellville GA
- Hard Money Loan Glossary Statesboro GA
- Hard Money Loan Glossary Stockbridge GA
- Hard Money Loan Glossary Stone Mountain GA
- Hard Money Loan Glossary Suwanee GA
- Hard Money Loan Glossary Thomaston GA
- Hard Money Loan Glossary Thomasville GA
- Hard Money Loan Glossary Thomson GA
- Hard Money Loan Glossary Tifton GA
- Hard Money Loan Glossary Toccoa GA
- Hard Money Loan Glossary Tucker GA
- Hard Money Loan Glossary Valdosta GA
- Hard Money Loan Glossary Vidalia GA
- Hard Money Loan Glossary Villa Rica GA
- Hard Money Loan Glossary Warner Robins GA
- Hard Money Loan Glossary Waycross GA
- Hard Money Loan Glossary Winder GA
- Hard Money Loan Glossary Woodstock GA
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