A 2/28 Adjustable-Rate Mortgage (2/28 ARM) is a type of adjustable-rate mortgage (ARM) that has a fixed interest rate for the first two years of the loan, after which the…
A 529 plan is a type of savings plan that is designed to encourage saving for future education expenses, such as college or vocational school. The plan is named after…
The SEP and SARSEP accounts, also known as individual retirement accounts (IRAs) or individual retirement annuities, are governed by Section 408(k) of the Internal Revenue Code (IRC). This section outlines…
A 5/6 Hybrid Adjustable-Rate Mortgage (5/6 Hybrid ARM) is a type of mortgage that combines features of both fixed-rate and adjustable-rate mortgages. It typically begins with a fixed interest rate…
A 5/1 Hybrid Adjustable-Rate Mortgage (5/1 Hybrid ARM) is a type of home loan that combines the characteristics of a fixed-rate mortgage and an adjustable-rate mortgage (ARM). It offers a…
The 500 shareholder threshold refers to the Securities and Exchange Commission (SEC) regulations that require a company to register with the SEC and file periodic reports if it has more…
SEC Release IA-1092 is a memo issued in 1987 by the Securities and Exchange Commission (SEC) and the North American Securities Administrators Association (NASAA) in response to the increasing number…
A 125% loan is a type of loan that allows a borrower to borrow up to 125% of the value of the collateral being used as security for the loan.…
A 3-2-1 Buydown Mortgage is a type of adjustable-rate mortgage (ARM) where the interest rate is temporarily lowered through a buydown. With a 3-2-1 buydown, the interest rate on the…
A 401(a) plan is a type of defined benefit retirement plan that is sponsored by an employer. It is typically offered to employees of state and local government entities, and…
