Equity Of Redemption | Real Estate Glossary

Definition of "Equity of redemption"

Borrower's right to redeem his property by immediately paying off the loan balance and any related costs.

List of the values of specific medical procedures in comparison with other medical procedures. ...

Thin wood that is shaped in a wedge and laid together in rows. An example is a roof on a house. ...

Group of marine underwriters formed in 1971 to provide coverage for shipowners for water pollution l ...

Income paid under a disability policy that is not covered under workers compensation benefits. It is ...

Small one story frame house or cottage. ...

Measure of policyholder interest in a variable annuity policy prior to the annuity date. This measur ...

FSBO means for sale by owner. ...

A Good Faith Estimate is when a lender must give a prospective homebuyer a written estimate of closi ...

A term is the length of a loan. ...

A rate lock is a commitment issued by a lender to a homebuyer or to the mortgage broker guaranteeing ...

You should definitely consider getting travel insurance when doing or bringing any of the following ...

An escrow officer - also known as a loan officer - is the person that walks you through the closing ...

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