There are currently 9 names in this directory beginning with the letter D.
Debt-To-Income (DTI) Ratio
Ratio of monthly liabilities and housing expenses divided by the monthly gross income of the borrower
A legal document used to transfer rights to an asset or a real property from one person to another.
Deed in Lieu of Foreclosure
If you fall behind on your payments as a homeowner, you may enter into a deed in lieu of foreclosure. This relinquishes all homeownership rights to the mortgage lender. But in many cases, the lender will forgive the outstanding debt.
Deed of Trust
A legal document which can be referred to as a lien on the subject property in place of a mortgage to secure the payment of a note. Differs from a mortgage in that the bank can foreclose on the property without judicial proceedings.
Failure to meet legal obligations in a contract; inability for the borrower to make regular and consecutive payments on a loan.
To owe on an overdue debt. This may refer to an individual borrower or business with a contract specifying a payment schedule for a loan. Delinquency can impact a borrower's credit negatively and gets worse the longer the balance remains unpaid.
Department of Veterans Affairs (VA)
An independent agency of the federal government which guarantees long-term, low or no-down payment mortgages to eligible veterans.
The measure of loss in value of a home or property. This could be due to property damage or poor economic factors.