Strict Standards: Declaration of Party::Delete() should be compatible with Contact::Delete($id = 'xxx') in /home/centralp/public_html/includes/classes.php on line 0
Law Office of William F. Scofield
William F. Scofield, LLC Attorney at Law
Real Estate Law Images
 
Home
Why use us?
Approved Lender List
Contact Us
Office Hours
Website Links
Glossary of Terms
Privacy Policy
 
 
 
Glossary
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z all
 
Offer
Indication by a potential buyer of a willingness to purchase a home at a specific price; generally put forth in writing.
 
Origination
The process of making a loan; the sequence of steps needed to document borrower assets and credit, property appraisal, and so on.
 
Origination Fee
A fee charged by a lender to cover certain expenses associated with the loan origination. Usually used interchangeably with points or discount points. Usually stated as a percentage of the face value of the loan (points).
 
Owner Occupied
Property physically occupied by the owner.
 
Owner’s Policy
Title insurance for the owner of property, rather than a lien holder.
 
These definitions are provided for informational purposes only. William Scofield, LLC shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
All Rights Reserved 2004-2015. Web Hosting and Design by EJS Technologies