Financial definitions

Financial Definitions, from A-Z.

Freshen up on the lingo.

Term
Definition
1
🔢
Your Credit score
The higher this number, the greater your chances of getting approved
1
💸
Your Outstanding debt
What other lines of debt do you currently hold? Student loans, car loans, etc
1
💰
Your estimated down payment
Down payment is the percentage amount of how much you can pay upfront to your overall house price.
1
💵
Your income
Are you in a good position to pay your monthly mortgage?