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 - Loans
 

Acceleration Clause
Account Aggregation
Account Balance
Account Statement
Active Account
Adjustable Rate
Adjusted Balance Method
Affordability Index
Agent Bank
Alternate Account
Asset Management Account
Availability Float
Average Daily Balance Method
Bank Credit
Bank Holding Company
Bank Reconciliation
Banking Float
Base Rate
Billing Cycle
Blank Check
Bridge Financing
Call Loan
Cash Collateral
Central Assets Account
Checking Account
Clearinghouse Funds
Closing Statement
Compensating Balance
Consumer Bank
Continuous Compounding
Credit Line
Credit Union
Current Income
Custodian
Debit Card
Debt Instrument
Demand Deposit
Deposit Slip
Direct Deposit
Discrete Compounding
Float
HUD 1 Statement
Inactive Account
Line of credit
Mortgage Insurance
Mutual Association
Overdraft
Previous Balance Method
Reset Frequency
Settlement Sheet
Time Deposit

Banking Float

A bank float represents the sum of money suspended in checks between deposit and clearance or the amount of time between these two states. Fort credit card purchases, the float is the amount of time between purchase and actual payment.

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