a protuberance in the tissue of a plant; an excrescence on a stem, branch, or root; a node or joint in a stem, especially when of swollen form. 8. any of various fungal diseases of trees characterized by the formation of an excrescence, knob, or gnarl.
Qualifying for a Mortgage Out of College. If you are a former student, and have a limited work history and student loan debt, you can still potentially qualify for a home loan if your field of study was in direct relationship to your field of of employment. For example, you have a degree in accounting and youâve recently taken a job as an accountant.
In order to meet HUDâs Qualified Mortgage definition, mortgage loans must: require periodic payments, have terms not to exceed 30 years, limit up-front points and fees to no more than 3% with adjustments to facilitate smaller loans and be insured by FHA.