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A roof forming a triangle from the eaves to the ridge of the roof.
(1) Land adjacent to a lake, river, or stream that can also be part of a flood area. (2) Land at the ...
An improvement to property that is below the standard, usual expectation. An example is when a con ...
The period you must retain a mortgage in order for it to be profitable to pay points to reduce the ...
Nonload bearing layer of brick covering a wall of decorative purposes only. The wall is usually cons ...
Coverage issued to a creditor on the lives of debtors for outstanding loans. If a debtor dies before ...
Authorization by the lender for the borrower to pay taxes and insurance directly. This is in contra ...
Fannie Mae is a name used by the Federal National Mortgage Association, which is a government-charte ...
A down payment is the money you pay up front for the purchase of a home. ...
Underwriting is the process of evaluating a loan to determine whether the loan is a good risk. ...
A commitment letter is a formal offer of a loan by a lender. The letter states the terms under which ...
Recently sold properties that are similar in size, location, and amenities to the home for sale. The ...
An origination fee is a fee paid to a lender for processing a loan application. ...
