We at Easy Choice Lending take our business seriously. We want consumers to be as educated as possible about their finances and options. For that reason we supply a frequently updated glossary section of lending terms that will help you to understand all of the content on this site.
Loan Terms:
A
Amortization Loan
Annual Percentage Rate
Appraisal
B
C
Clear Title
Collateral
Cosigner
Credit Score
D
Debt Consolidation
Debt-to-Income Ratio
Default on a Loan
Deferred Interest
Delinquency
Depreciation
E
G
I
L
P
Pre-Approval
Prepayment
Principal
Q
R
Rate and Term Refinancing (Mortgage)
Refinancing
Repeat Borrowing