Definition
Delayed Financing
An exception permitting a cash buyer to take cash-out financing shortly after purchase, without the usual seasoning requirement.
Nearby terms
Deed in Lieu of Foreclosure
Voluntarily transferring the property to the lender to satisfy the debt and avoid foreclosure proceedings.
Deed of Trust
A security instrument used instead of a mortgage in many states, involving a trustee who holds title until the debt is satisfied.
Discount Point
A fee equal to 1% of the loan amount paid at closing in exchange for a lower interest rate.
Down Payment
The portion of the purchase price paid from your own funds rather than borrowed.
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