Rates & InterestBPS
Basis Points (BPS)
A standard unit of measurement for interest rates and financial percentages equal to 1/100th of 1% (0.01%).
📚 Financial Knowledge Base
Financial Industry Glossary & Underwriting Guide
Master essential home mortgage, auto financing, interest rate, and underwriting terminology with interactive calculators, mathematical formulas, and practical lending guidelines.
Terms Starting With "B"
Showing 4 definitionsRates & Interest
Balloon Payment
A significantly large, lump-sum payment due at the end of a short-term or partially amortizing loan.
Mortgages
Bridge Loan (Swing Financing)
A short-term interim loan secured by a homeowner’s existing property that unlocks trapped equity to fund the down payment on a new home before the current property sells.
Mortgages
Bi-Weekly Accelerated Mortgage Payment
An accelerated mortgage payoff strategy where a homeowner pays half of their regular monthly principal-and-interest payment every two weeks, resulting in 26 half-payments (13 full monthly payments) per year.