Limited-time warranty against defects, offered by builders to new home purchasers. Normally effective for a relatively short period of time, such as o ...
Any financing agreement excluding a conventional mortgage from a third-person or entity lending institution. This type of financing is more prevalent ...
Degree of relationship between variables or factors affecting the real estate market and activities within the market. Correlation examines how the va ...
A housing ratio is the percentage of your housing payment (principal, interest, taxes, and insurance) to your monthly gross income. Lenders use this r ...
An escrow officer - also known as a loan officer - is the person that walks you through the closing process. They are usually employed by the title c ...
A treasury index is an index used to determine interest-rate changes for certain adjustable-rate mortgages (ARMs). This index is based on the results ...
Escrow is a trust account created by a neutral third party to hold money for the seller or buyer. When you put down a deposit on a house, for example, ...
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