Shopping Site

Definition of "Shopping Site"

A multi-lender Web site that offered borrowers the capacity to shop among multiple competing lenders.

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Related Real Estate Glossary terms

Add-on-interest

Interest that is figured into the total cost of a loan over its entire life. The interest is added t ...

Buy Down

Cash payment to a lender so as to lower the interest rate on a loan a borrower must incur. The lower ...

Payment Certain

Phrase used to describe a method of annuity payout that guarantees a specified number of years, rega ...

Flexible Spending Account Life Insurance

Account established by the insurance company specifically for beneficiaries of a life insurance poli ...

American Land Development Association

Trade group of predominately land developers. ...

Drywall

Any walls constructed without using concrete or mortar. Drywall materials include sheetrock, gypsum, ...

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A commitment letter is a formal offer of a loan by a lender. The letter states the terms under which ...

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Find out what type of home is in your budget by entering a few numbers into our calculator. Our calc ...

What Is Principal?

Principal is the amount of money borrowed and still owed on a loan not including the interest. ...

What Is A Mortgage Banker?

A mortgage banker is a company that originates mortgages and sells them to a secondary market. ...

What Is A Proration?

A proration is the division of certain fees. If the sellers have paid the taxes six months in advanc ...

What Is An Assessed Value?

The public tax assessor value of a property as determined for the purpose of taxation. ...

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