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Monetary assets and/or property you legally promise to a lender as a guarantee that you will repay a debt.
An official notification from a lender stating that your loan application has been approved. The commitment letter also details the terms of the agreement. Also called a Loan Commitment.
An official notification from a lender stating that your loan application has been approved. The commitment letter also details the terms of the agreement. Also called a Loan Commitment.
In some states, property acquired during a marriage is legally considered to be jointly owned.
Recently sold properties with similar features to the one being appraised. Comparables have similar size, location, and amenities, and help an appraiser estimate the property's fair market value. Also known as Comps.
Having a financial plan before you look can help you better prepare for home buying costs.
Read moreHere is a list of ten things you should know before refinancing.
Read moreWe can help walk you through the process when you’re ready to take the big step and buy or refinance.
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