Loan amount
Definition
The amount the borrower promises to repay, as set forth in the mortgage contract. It differs from the amount of cash disbursed by the lender by the amount of points and other upfront costs included in the loan.
Related Terms Other terms related to 'Loan amount' starting with the letter 'L' Lender, Late fees, Lock commitment letter, Loan flipping, Loan officer Browse by Letter » 1 4 A B C D E F G H I J L M N O P Q R S T U V W Y | 