Mortgage and Loan Glossary (K)

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Keogh plan
A tax-deferred pension account designated for employees of unincorporated businesses or for persons who are self-employed.

kicker
A payment sometimes required by a mortgage loan in addition to normal principal and interest.

kiosk
An independent stand from which merchandise is sold.

Mortgage Guide

  1. Get Organized
  2. Get Pre-Qualified
  3. Shop for a Loan
  4. Apply for a Loan
  5. Close the Loan