Pledged Deposit Account means that certain demand deposit account to be established as described in Section 3.5 and to be named “AmeriHome Mortgage Company, LLC in trust for Western Alliance Bank - Xxxxxxx Mac Servicing Rights Account” or any other name selected by Bank and Borrower, which acc...
With a proof of deposit, a mortgage lender can see that you have the money you need to make mortgage payments or cover down payment and closing costs for buying a house. It shows whether the money in your account came from a legitimate source, which helps the lender determine if you can...
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Sometimes first time sellers were wary, and required a cash deposit upfront. www.news24.com The deposit was paid into the company's bank account but the travel agent went out of business. en.wikipedia.org When a traditional deposit bank provide loans such as business lending, mortgage, overd...
upon the occurrence of a Risk Mitigation Deposit Trigger Event, an amount corresponding to the Risk MitigationDeposit RequiredAmount shall have to be credited to the Deposit Account which can be used for the purpose of indemnifying the Issuer against commingling risk (see further Mortgage Receivables...
A checking account balance held at a financial institution. Because demand deposits constitute one of the most important segments of the nation's money supply, the financial community closely monitors their size. Comparetime deposit. See alsoM1. ...
aDecreasing or cover whose value is rising over the same term(e.g., as the capital is being repaid on a capital repayment mortgage, less cover is required as the term reaches its final stages) 价值是上升的同一个期限即,因为(资本在资本偿还抵押被回报,较少盖子需要的减少或盖子,当期限到达它...
The increase in FDR will impact your monthly instalment, depending on your mortgage loan package. For reference, the table below illustrates theestimatedincrease in amount for the monthly instalment of a mortgage loan of S$500,000 over a period of 20 years (all amounts rounded up to the near...
When buying a home, the mortgage lender may ask the borrower for proof of deposit. The lender needs to verify that the funds required for the home purchase are accumulated in a bank account and accessible to the lender. During times of tight credit, thelender may want to see evidenceof ho...
The down payment also reduces the amount of money required to be borrowed and affects the terms and interest rates of the mortgage. In international trade, a deposit can be used as a form of security in commercial transactions. Importers and exporters may require each other to provide a ...