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  Encyclopedia of Keywords > Mortgage Payments > Savings Account   Michael Charnine

Keywords and Sections
Review of Short Phrases and Links

    This Review contains major "Savings Account"- related terms, short phrases and links grouped together in the form of Encyclopedia article.

Escrow Account

  1. However, it is necessary that the gift funds be deposited in the borrower's bank or savings account, or in an escrow account, prior to underwriting approval. (Web site)

Impound Account

  1. Impound Account - Savings account for accumulating that portion of a borrowers monthly payments designated for future payments of taxes and insurance. (Web site)

Interest Rate

  1. HSBC Bank USA said Sunday it was raising the interest rate of its online savings account to 6 percent -- topping its competitors. (Web site)


  1. Savings Rate: The interest rate a person expects to earn on a savings account or investment account.


  1. If you are intent on having a great Hollywood smile, you can set up a savings account just for the laser teeth whitening treatment.


  1. A mortgage that allows the funds, which would normally be used as all or part of a down payment to be placed in a pledged savings account.


  1. Direct deposit A method of payment which electronically credits your checking or savings account.
  2. At the time of use, funds are immediately deducted from the checking or savings account linked to the card. (Web site)


  1. You could avoid that problem by asking your bank to automatically withdraw your payment from a designate checking or savings account every two weeks. (Web site)
  2. A bank is a great example of this: users could have a combination of a checking account, a savings account, an IRA or a mortgage from the same bank. (Web site)
  3. When you open a savings account or take out a loan from a bank, you will be quoted an interest rate known as the APR, or annual percentage rate.

Grameen Bank

  1. Every woman who has a loan with Grameen Bank is also required to open a savings account and place a certain percentage of her earnings into this account.

Compound Interest

  1. A surefire get-rich-quick scheme, it would follow, is to invest in a savings account, at pretty much any rate of compound interest. (Web site)

Plus Interest

  1. When the borrower places money in a pledged savings account, and these funds, plus interest earned, are gradually used to reduce mortgage payments.

Monthly Mortgage Payment

  1. A: Yes. We recommend our automatic draft of your monthly mortgage payment from your checking or savings account.


  1. Payments may be made from either your checking or savings account. (Web site)


  1. Payments are made against the loan principal and interest but with a portion going into a savings account toward the purchase price. (Web site)
  2. A savings account that is linked to your mortgage in such a way that the interest earned on your savings is applied to reduce the interest on your mortgage. (Web site)

Islamic Banks

  1. Hibah usually arises in practice when Islamic banks involuntarily pay their customers interest on savings account balances. (Web site)

Savings Account

  1. Savings Account: A savings account is an account with a bank or savings and loan company that pays interest on money deposited. (Web site)
  2. Pledged Account Mortgage (PAM) Money is placed in a pledged savings account and this fund plus earned interest is gradually used to reduce mortgage payments. (Web site)
  3. Money is placed in a pledged savings account and this fund, plus earned interest, is gradually used to reduce mortgage payments.


  1. Mortgage Payments
  2. Islamic Banks
  3. Impound Account
  4. Plus Interest
  5. Loan Principal
  6. Books about "Savings Account" in

Book: Keywen Category Structure

  Short phrases about "Savings Account"
  Originally created: August 01, 2010.
  Links checked: April 07, 2013.
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