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Hi,
I have enlisted all the major terminologies related to debt under alphabet T below - Tax Impound: Money paid to a lender in relation to annual tax expenditures. Tax Lien: When a borrower fails to pay taxes at regular intervals the lender may claim a property of the borrower to make up the tax amount. Third Party Fees: When a lender hires a third party and avails their services he pays a particular amount of money as fees to them. Total Payments: The entire amount a borrower pays during the life span of a loan which includes principal amount, interest rates, taxes and other financial charges. Trade Lines: The various credit accounts that reflect on your credit report are known as Trade lines. Trans Union: It is amongst the three largest and most popular credit bureaus in the United States. Trustee: A person (or institution) who has legal rights and responsibilities to a property and is entrusted to use it for another's benefit. Truth-in-Lending Act: This is a Federal law which consists of a written document with all the terms and conditions related to a particular mortgage transaction. This documentation includes mandatory disclosure of apr, hidden fees and other relevant charges. Regards Roxette |
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