glossary

GLOSSARY

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Full income verification

Fully documented proof of income in order to be approved for a loan. Loans of this type usually offer lower interest rates than no-income or "no-doc" verification loans.

Full market value

With reference to property taxes, this usually refers to the tax rate applied to 100 percent of the property's value. Also full cash value.

Fully amortized adjustable-rate mortgage

A home loan whose interest rate can change, and whose amount is fully paid at the end of the term.