Glossary of Real Estate Industry Terms » Mortgage Masters Group

Start studying Modern Real estate practice 19th edition: Glossary of Terms. Learn vocabulary, terms, and more with flashcards, games, and other study tools.

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Understanding Mortgage Lingo: A Real Estate Glossary of Terms. Earnest money is typically 1% to 3% of the sale price, deposited via cashier’s check, personal check, or wire transfer one to three days after the seller accepts the final offer. Equity – The amount of a property’s value that the owner actually owns.

“This transaction significantly strengthens PMT’s liquidity profile by providing long-term financing from a broad group of institutional investors at attractive economic terms. PennyMac Mortgage.

The Real Estate Industry has its own unique language and, without some knowledge of this language, you may find yourself a bit confused if you become involved in a real estate transaction. With this in mind, the experts at Our Title Companies have compiled the following glossary of terms commonly used in the real estate industry.

That increase, though not as drastic as some other recent shifts in real estate, marked the rate. Raj Aidasani, a senior director at the industry trade group cre finance Council, noted that a.

Real Estate Glossary There is a lot of real estate terminology used during the home buying and selling process and CENTURY 21 is here to help you understand those terms. We have created a glossary of the most commonly used real estate terms and their definitions in order. Glossary of Real estate finance terms.

A Mortgage Broker is the real estate professional who represents an array of banks seeking to issue mortgages. This person meets with a customer, assists with the mortgage application and effectuates the mortgage process on behalf of the borrower and the bank.

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Real Estate Glossary. A contract provision that empowers a money lender to oblige a borrower to pay back all or part of an outstanding loan upon failing to comply with some agreed upon conditions. An acceleration clause outlines the reasons that the lender can claim loan repayment. Such clauses are also common in mortgages or purchase of real estate in portions.

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