USDA RURAL REFINANCE PILOT PROGRAM
USDA Rural Refinance Pilot Program is another option offered by the United States Department of Agriculture as a mortgage refinancing option along with USDA Streamlined/Non-Streamlined Refinancing that is available in all US states and territories. Homeowners whose purchases fall under Section 502 direct or Guaranteed loan are entitled to avail of the USDA non-streamlined refinancing as its target are the individuals who have low-income and households in the rural area.
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Target Return
Pricing model used in valuing a business based on what an investor expects from any capital invested in the firm. It is computed by adding the amou ...
Remainder Man
An individual who receives the remaining principal in a trust account after all required payments have been made, such as those to the beneficiary ...
Average Collected Balance
The total average of the collected funds in a bank account in a month. The balance is calculated by adding the collected balance and dividing it by ...
Bankable Funds
Forms of payment that are accepted at financial institutions. Retailers and other organizations that directly accept payments from customers typica ...
Prudent-Person Rule
A legal maxim that restricts the discretion in a client's account to investments that a prudent person seeking reasonable income and preservati ...
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