COMPLETE MORTGAGE AND REMORTGAGE GUIDES, TIPS & TRICKS, REFERENCE MATERIAL

How do I get accepted with flying colors? How to present yourself in the best possible light to the lender

In this section we will explain how lenders rate you and how you can be more appealing to lenders when applying for a mortgage.


	Glossary - Banking

Account

Account Aggregation

Account Balance

Account Reconciliation

Adjusted Balance Method

Agent Bank

Alternate Account

Asset Management Account

ATM

Automated Clearing House

Automated Teller Machine

Availability Float

Average Daily Balance

Average Daily Balance Method

Bank Trust Department

Brokered Certificate of Deposit

Central Assets Account

Central Bank

Certificate of Authority

Certificate of Deposit

Continuous Compounding

Effective Annual Interest Rate

EFT

Electronic Funds Transfer

Federal Deposit Insurance Corporation

Federal Funds

Federal Funds Rate

Federal Savings and Loan Association

Jumbo Certificate of Deposit

Lender of Last Resort

National Credit Union Administration

NCUA

Near Money

Negotiable Certificate of Deposit

Nostro Account

Office of Thrift Supervision

OTS

Overdraft

Pan-European ACH

Previous Balance Method

Cleared Date

The cleared date is the date in which amounts claimed for the cashing of a check actual exit the account that the check was drawn from.