Credit and Mortgage Dictionary: S
Salary
The amount of money you are paid by your employer.
Schedule Of Payments
Schedule of monthly payments under a loan sealing the fee see discharge fee.
Search Fee
Before you buy your property you have to check with your local authority that there are no plans that will effect the value of your property.
Second Charge
A legal charge that ranks […]
Credit and Mortgage Dictionary: T
Telegraphic Transfer
The electronic transfer of money.
Term
The mortgage term is the length of time before the mortgage loan must be repaid.
Term Assurance
This is the simplest form of life assurance. The insured person is covered against death within a fixed period depending up on the payment of the premiums. If an insured person dies within the policy […]