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Free online dictionary of mortgage industry terms.. the individual or individuals extended a loan and mortgage for the purchase of a house and/or property.
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Branch Office License Update As a result of changes recommended by TREC and implemented by the Agency’s sun . . . Getting to Know Chair Scott Kesner Scott Kesner was appointed chair of the Texas Real Estate Commission on April 25 . . . From the Chair – June 2019 The Commission met for its regular quarterly business meeting on Monday, May 6th . . .
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This glossary of mortgage terminology will help you get familiar with the home loan process.. 3/1 5/1 7/1 and 10/1 arms: adjustable rate mortgages in which rate is fixed for. adjusted basis: The cost of a property plus the value of any capital.
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See also: non-conforming loan. construction loan: A short-term loan financing improvements to real estate, such as the building of a new home. The lender.
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