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Closed Term Rates
Term
Bank
Seville
1
4.00%
3.89%
2
4.10%
3.59%
3
4.30%
3.44%
4
5.00%
3.44%
5
5.10%
3.39%
7
5.50%
3.79%
10
6.10%
4.09%
ARM Rates
Term
Bank
Seville
5
5.45%
2.50%
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Glossary
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Q : Quantum Merit - Quit Claim Deed
Glossary
A : Acceleration Clause - Authority
B : Balance Due on Completion - Buydown
C : Cap - Cross-Collateralization
D : Damages - Drawer
E : Easement - Extension Agreement
F : Feasibility Analysis - Further Charge
G : G/E Capitol - Guarantor
H : High Ratio Mortgage - Hold Back
I : Immediate Participation Loan - Irrevocable
J : Joint and Several Note - Joint Tenancy
K : Kicker
L : Loan-To-Value Ratio - Lock-In Clause
M : Margin of Safety - Mortgagor
N : National Housing Act Mortgage - Notice D.O.R
O : Oblatory Advance - Owner
P : Package Loan - Purchase-Money Mortgage
Q : Quantum Merit - Quit Claim Deed
R : Realtor - Running with the Land
S : Sale and Leaseback - Survivorship
T : Takeout Mortgage Loan - Trust Account
U : Umbrella Mortgage - Underwriter
V : Valid - Voidable
W : Waiver - Wrap-Around Mortgage
Y : Yield
Z : Zoning
Q
QUANTUM MERIT
The amount that should be paid as merited by the service performed.
QUIT CLAIM DEED
A general release of all claims or rights to a parcel of land.