Simplified Explanation of Mortgage Terms – (S to W)

Sale Agreement:  Contract drawn by both seller and buyer, stating details, sale, terms including length  and term of payment  Sales Agreement or Sales Contract:  …

Simplified Explanation of Mortgage Terms – (M to R)

Margin:  A fixed percentage point added as profit margin to a mortgage rate  Marketable Title:  A title to a real estate or mortgage, free…

Simplified Explanation of Mortgage Terms – (G to L)

General Warranty Deed:  A deed in which the seller agrees to insure the buyer and be responsible from further damage or losses, without cost…

Simplified Explanation of Mortgage Terms – (A to F)

Abstract of Title:  Concise information for a construction, purchase, resale, loans, refinance and all available transitions in ownership can be found at the state…

The Home Ownership Process

It’s always less intimidating and less tedious if you obtain a loan approval before committing to a specific property. Here are suggestions to help…