by Myers Jackson | Dec 31, 2024 | Auction News
Closing COSTS The upfront fees charged in connection with a mortgage loan transaction. Money paid by a buyer (and/or seller or other third party, if applicable) to effect the closing of a mortgage loan, generally including, but not limited to a loan origination fee,...
by Myers Jackson | Dec 31, 2024 | Auction News
Loan Origination Fees Fees paid to your mortgage lender or broker for processing the mortgage application. This fee is usually in the form of points. One point equals one percent of the mortgage amount. Real estate words and definition CLICK THIS BUTTON For...
by Myers Jackson | Dec 31, 2024 | Auction News
Loan Origination The process by which a loan is made, which may include taking a loan application, processing and underwriting the application, and closing the loan. Real estate words and definition CLICK THIS BUTTON For other words and definitions related to...
by Myers Jackson | Dec 31, 2024 | Auction News
Liquid Asset A cash asset or an asset that is easily converted into cash. 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 properties for sale CLICK...
by Myers Jackson | Dec 31, 2024 | Auction News
Closing Agent The person or entity that coordinates the various closing activities, including the preparation and recordation of closing documents and the disbursement of funds. (May be referred to as an escrow agent or settlement agent in some jurisdictions.)...
