Glossary of Lending Terms
We at EZ Title Loans take our business seriously. We want consumers to be as educated as possible about their finances and options. For that reason we supply a frequently updated glossary section of lending terms that will help you to understand all of the content on this site.
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- Rate and Term Refinancing
- Qualification
- Credit Score
- Debt Consolidation
- Deferred Interest
- Grace Period
- Prepayment
- Cosigner
- Depreciation
- Appraisal
- Lien
- Delinquency
- Default
- Clear Title
- Secured Loan
- Installment Loan
- Amortization
- Loan-to-Value Ratio
- Repeat Borrowing
- Balloon Payment
- Pre-Approval
- APR: Annual Percentage Rate
- Principal
- DIT: Debt to Income Ratio
- Refinancing
- Collateral
- Equity