by Myers Jackson | Dec 31, 2024 | Auction News
Mortgage A loan using your home as collateral. In some states the term mortgage is also used to describe the document you sign (to grant the lender a lien on your home). It also may be used to indicate the amount of money you borrow, with interest, to purchase your...
by Myers Jackson | Dec 31, 2024 | Auction News
Money Market Account A type of investment in which funds are invested in short-term securities. Real estate words and definition CLICK THIS BUTTON For other words and definitions related to real estate auctions CLICK THIS BUTTON For all active auctions, and...
by Myers Jackson | Dec 31, 2024 | Auction News
Modification Any change to the terms of a mortgage loan, including changes to the interest rate, loan balance, or loan term. Real estate words and definition CLICK THIS BUTTON For other words and definitions related to real estate auctions CLICK THIS BUTTON For...
by Myers Jackson | Dec 31, 2024 | Auction News
Merged Credit Report A credit report issued by a credit reporting company that combines information from two or three major credit bureaus. Real estate words and definition CLICK THIS BUTTON For other words and definitions related to real estate auctions CLICK...
by Myers Jackson | Dec 31, 2024 | Auction News
Maturity Date The date on which a mortgage loan is scheduled to be paid in full, as stated in the note. Real estate words and definition CLICK THIS BUTTON For other words and definitions related to real estate auctions CLICK THIS BUTTON For all active auctions,...
