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What is bond loan program?
State-sponsored affordable housing loan.
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What is seller carryback?
Seller finances part of purchase.
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What is wraparound mortgage?
Seller financing over existing loan.
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What is subject-to mortgage?
Buying property with existing loan intact.
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What is loan modification?
Permanent change to loan terms.
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What is forbearance?
Temporary pause or reduction in payments.
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What is repayment plan?
Structured plan to catch up payments.
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What is partial claim?
FHA method to cure delinquency.
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What is reinstatement?
Paying missed payments to stop foreclosure.
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What is payoff?
Full repayment of the loan balance.
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