Fees paid to the lender to cover various costs in processing a loan. The escrow holder draws up this itemized account which is given to both buyer and seller. It details receipts, disbursements, charges, prorations and credits. A lender's formal loan offer that states all terms of the loan. A homeowner's policy that provides the greatest coverage.
Comps help determine a listing or offer price.
Standard mortgage offered by most banks and lenders, not guaranteed or insured by a government agency. When a buyer makes an offer, the seller may respond with a counter offer that changes some of the terms. In turn, the buyer can respond with another counter offer, etc. An organization that compiles credit information. Compiled by a credit bureau, this report lists a person's outstanding debts as well as a payment history on all past and present debts.