Good Morning Readers!
Hope everyone had a wonderful weekend and got to spend some time with family and friends. Today I will be covering letters M-R of the real estate alphabet
Mortgage : Legal document that promises a property to the lender as security for payment of a debt.
Mortgage broker: A mortgage broker acts as an intermediary who brokers mortgage loans on behalf of individuals.
Original principal balance : Total amount of principal owed on a mortgage before any payments are made.
Owner financing: Property purchase transaction in which the property seller provides all or part of the financing.
Partial payment: Payment that is not sufficient to cover the scheduled monthly payment on a mortgage loan. In most cases, a lender will…
