Glossary

Fixed Expense

Any bill that remains consistent each month instead of changing month after month. Examples include car payments, rent and mortgage payments.

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FixedRate Option

An option in financing that allows the borrower to keep on constant interest rate and payment for a portion of the loan. Generally, this is

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Foreclosure

When a mortgagor fails to make payments on their mortgage, foreclosure is the action of taking possession of the property by the financial institution that

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Fraud Alert

When a person may be the victim of identity theft, they can alert the credit bureaus to let them know that their account needs to

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