Mortgages Terms
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Title: Mortgages Terms

Essay Details:

Subject: Business
Author: Kathleen A
Date: August 2, 2013
Grade: B
Length: 6 / 1554

Essay text:

Also called "settlement." Condominium: A type of property ownership within a multiunit complex in which the homeowner owns a unit and a proportionate interest in certain common areas, such as the grounds of the complex. Contingency: A condition that must be met before a contract is legally binding. Conventional Mortgage: A loan that is not insured or guaranteed by the federal government. Credit Report: A report from an independent agency that verifies a loan applicant's information on previous debts and liabilities. Deed: The legal document conveying title to a property. Down Payment: The part of the purchase price which the buyer pays in cash and does not finance with a mortgage...

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