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

Average Daily Balance Method

The average daily balance method is a method for calculating banking charges for a specific account. This method uses the average daily balance as a base of calculation. The interest applied to the account using this method is higher than that applied using the adjusted balance method of calculation and lower than in the case of a previous balance calculation model.

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