by Myers Jackson | Dec 31, 2024 | Auction News
Mortgagor The owner of real estate who pledges property as security for the repayment of a debt; the borrower. Real estate words and definition CLICK THIS BUTTON For other words and definitions related to real estate auctions CLICK THIS BUTTON For all active...
by Myers Jackson | Dec 31, 2024 | Auction News
Co-borrower Any borrower other than the first borrower whose name appears on the application and mortgage note, even when that person owns the property jointly with the first borrower and shares liability for the note. Real estate words and definition CLICK...
by Myers Jackson | Dec 31, 2024 | Auction News
Mortgagee The institution or individual to whom a mortgage is given. 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 THIS...
by Myers Jackson | Dec 31, 2024 | Auction News
Mortgage Rate The interest rate you pay to borrow the money to buy your house. 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...
by Myers Jackson | Dec 31, 2024 | Auction News
Closing Statement See “HUD-1 Settlement Statement.” 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 THIS BUTTON Contact...
by Myers Jackson | Dec 31, 2024 | Auction News
Mortgage Life Insurance A type of insurance that will pay off a mortgage if the borrower dies while the loan is outstanding; a form of credit life insurance. Real estate words and definition CLICK THIS BUTTON For other words and definitions related to real...
