Glossary

Geographical Code

Similar to a zip code, this is a numerical identifier assigned to a specific area. It is based on information collected by the Federal Census

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Hard Inquiry

A type of request for credit information that requests a borrower’s full credit report. A hard request deducts points from the credit score of the

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Home Equity

The portion of a person’s home that they own. To calculate home equity, you would take the difference of the fair market value of the

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