Indication by a potential buyer of a willingness to purchase a home at a specific price; generally put forth in writing.
The process of making a loan; the sequence of steps needed to document borrower assets and credit, property appraisal, and so on.
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).
Property physically occupied by the owner.
Title insurance for the owner of property, rather than a lien holder.
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