Primary Mortgage Market
Mortgage market in which original loans are made by lenders. The market is made up with lenders who supply funds directly to borrowers and hold the mortgage until the debt is paid. Examples are savings and loans, commercial banks, mutual savings banks, and mortgage companies. The primary market is contrasted to the secondary mortgage market, which involves buying and selling of first mortgages by banks, insurance companies, and other mortgagees to free money for new loans.
Popular Real Estate Terms
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A sash window having two vertically moving sashes respectively offset by sash weights. Each sash closes a different part of the window. ...
Drain facility usually underground for waste and water disposal consisting on connected pipes. ...
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Language commonly used in a fee simple title conveyance. The significance is whether the title is clear and can be passed on to the purchaser's estate including all heirs and those who may ...
Amount invested in property in cash. ...
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Court or government regulatory order to stop doing something, such as not showing minorities certain neighborhoods. ...
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