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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…

An adjustable-rate mortgage (ARM) is a type of home loan in which the interest rate can change periodically, usually in response to changes in a benchmark interest rate index. The…

The 2000 Investor Limit refers to a limitation on the number of investors that can participate in a type of real estate investment trust (REIT) known as a "public non-listed…

A 10-Year U.S. Treasury Note is a debt security issued by the U.S. Department of the Treasury. These notes have a fixed interest rate and are issued with a maturity…

Form 1040 is the U.S. Individual Tax Return that is used by taxpayers to report their income, taxes, and credits to the Internal Revenue Service (IRS). It is a document…

Form 1040-A, also known as the "U.S. Individual Income Tax Return," is a tax form used by individuals to report their annual income to the Internal Revenue Service (IRS). It…

The 11th District Cost of Funds Index (COFI) is a benchmark interest rate used in the United States to adjust adjustable-rate mortgages (ARMs). It is calculated by the Federal Home…

SEC Form 10-Q is a quarterly report that publicly traded companies are required to file with the Securities and Exchange Commission (SEC) in the United States. It provides an update…