Resources
The words lenders use, defined.
If a term on your offer isn't clear, it's here. No jargon defended with more jargon.
Soft vs. hard inquiry
A soft inquiry is invisible to other lenders and doesn't affect your score. A hard one appears on your report and can lower it slightly.
Debt-to-income ratio
Your monthly debt payments divided by your monthly gross income. Lower ratios generally unlock better pricing.
Origination fee
A one-time charge some lenders deduct from the loan amount. It's included in the APR you're quoted.
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Lending terms
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