What Is An Escrow Officer?

Are you wondering what is the difference between being prequalified and preapproved for a loan? Do you always get confused because they seem pretty much the same thing, right? But there is ...

To figure out where you stand on the debt-to-income ratio, you must first understand the meaning of the figure. Most lenders use the ratio 28/36. The first number, which is also referred ...

An overall debt ratio is the percentage of your overall debt (housing payments plus any other long-term debt) to your monthly gross income. Lenders use this ratio-sometimes called the ...

Wondering how do real estate agents get paid? We’ve got to be honest here: some time ago that would be classified as a dumb question because it was kind of obvious. However, faster ...

A front-end ratio is a ratio of the borrowers monthly housing expenses-including principal, interest, property taxes, and insurance (OITI)-compared to the borrowers gross, pretax monthly ...

When you are prequalified, the lender gives you an estimate but does not formally commit to giving you a loan. ...

Paid advertorials are articles written by public relations professionals that have just one goal in mind - to get you to buy a home. I\'m sure you\'ve seen them all over Newspaper Ads, ...

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 company that you are working with. They ...

Amount required to payoff the full balance of the mortgage today. The amount equals the principal balance plus any prepayment penalty. ...

Surveying the land to determine its suitability for a specific purpose, such as building a high-rise apartment house. ...

A building lot surrounding on both sides by other lots. ...

The prepared form used to specify the terms of the listing contract. Usually a listing form consists of blanks the real estate agent fills in to provide the necessary information needed to ...

Need to know the Ad Litem definition after coming across this weird term? Ad litem is short for “Guardian Ad Litem” or “Attorney Ad litem”, a legal term that ...

A business in which one or more person, with unlimited liability, called general partners, manage the partnership. There are also limited partners who contribute capital, but do not manage ...

Restraining a person or business from denying an appropriate conveyance of property evidenced by a deed has given. ...

Transfer of an assumable mortgage from the old owner to the new owner. ...