Glossary

A large payment of a mortgage loan, larger than the regular required payment, often at the end of the loan term.

A Mortgage rates are determined by this. It is the interest rate at which the Bank of Ghana will lend money to other banks.

A person who has been approved to receive a loan and is then obligated to repay it and any additional fees according to the loan terms.

A detailed record of all income earned and spent during a specific period of time.

Based on agreed upon safety standards within a specific area, a building code is a regulation that determines the design, construction, and materials used in building.