Mortgage Glossary
Escrow State
States that structure closings differently. You and the seller are not required to be in the same location. Instead, the closing agent coordinates the document signings as well as the funding of the loan with the assistance of a real estate agent involved in the sale or purchase. In some cases the closing, funding, and recording of the loan can occur on the same day, but usually the closings and funding will occur on different days. You may sign documents without certified check in hand if the loan is not funding on the same day. Attorneys are not present at closing. Currently, the escrow states are: Alaska, Arizona, California, Hawaii, Idaho, Nevada, New Mexico, parts of Ohio, Oregon, Utah and Washington.States that structure closings differently. You and the seller are not required to be in the same location. Instead, the closing agent coordinates the document signings as well as the funding of the loan with the assistance of a real estate agent involved in the sale or purchase. In some cases the closing, funding, and recording of the loan can occur on the same day, but usually the closings and funding will occur on different days. You may sign documents without certified check in hand if the loan is not funding on the same day. Attorneys are not present at closing. Currently, the escrow states are: Alaska, Arizona, California, Hawaii, Idaho, Nevada, New Mexico, parts of Ohio, Oregon, Utah and Washington.States that structure closings differently. You and the seller are not required to be in the same location. Instead, the closing agent coordinates the document signings as well as the funding of the loan with the assistance of a real estate agent involved in the sale or purchase. In some cases the closing, funding, and recording of the loan can occur on the same day, but usually the closings and funding will occur on different days. You may sign documents without certified check in hand if the loan is not funding on the same day. Attorneys are not present at closing. Currently, the escrow states are: Alaska, Arizona, California, Hawaii, Idaho, Nevada, New Mexico, parts of Ohio, Oregon, Utah and Washington.States that structure closings differently. You and the seller are not required to be in the same location. Instead, the closing agent coordinates the document signings as well as the funding of the loan with the assistance of a real estate agent involved in the sale or purchase. In some cases the closing, funding, and recording of the loan can occur on the same day, but usually the closings and funding will occur on different days. You may sign documents without certified check in hand if the loan is not funding on the same day. Attorneys are not present at closing. Currently, the escrow states are: Alaska, Arizona, California, Hawaii, Idaho, Nevada, New Mexico, parts of Ohio, Oregon, Utah and Washington.States that structure closings differently. You and the seller are not required to be in the same location. Instead, the closing agent coordinates the document signings as well as the funding of the loan with the assistance of a real estate agent involved in the sale or purchase. In some cases the closing, funding, and recording of the loan can occur on the same day, but usually the closings and funding will occur on different days. You may sign documents without certified check in hand if the loan is not funding on the same day. Attorneys are not present at closing. Currently, the escrow states are: Alaska, Arizona, California, Hawaii, Idaho, Nevada, New Mexico, parts of Ohio, Oregon, Utah and Washington.States that structure closings differently. You and the seller are not required to be in the same location. Instead, the closing agent coordinates the document signings as well as the funding of the loan with the assistance of a real estate agent involved in the sale or purchase. In some cases the closing, funding, and recording of the loan can occur on the same day, but usually the closings and funding will occur on different days. You may sign documents without certified check in hand if the loan is not funding on the same day. Attorneys are not present at closing. Currently, the escrow states are: Alaska, Arizona, California, Hawaii, Idaho, Nevada, New Mexico, parts of Ohio, Oregon, Utah and Washington.States that structure closings differently. You and the seller are not required to be in the same location. Instead, the closing agent coordinates the document signings as well as the funding of the loan with the assistance of a real estate agent involved in the sale or purchase. In some cases the closing, funding, and recording of the loan can occur on the same day, but usually the closings and funding will occur on different days. You may sign documents without certified check in hand if the loan is not funding on the same day. Attorneys are not present at closing. Currently, the escrow states are: Alaska, Arizona, California, Hawaii, Idaho, Nevada, New Mexico, parts of Ohio, Oregon, Utah and Washington.States that structure closings differently. You and the seller are not required to be in the same location. Instead, the closing agent coordinates the document signings as well as the funding of the loan with the assistance of a real estate agent involved in the sale or purchase. In some cases the closing, funding, and recording of the loan can occur on the same day, but usually the closings and funding will occur on different days. You may sign documents without certified check in hand if the loan is not funding on the same day. Attorneys are not present at closing. Currently, the escrow states are: Alaska, Arizona, California, Hawaii, Idaho, Nevada, New Mexico, parts of Ohio, Oregon, Utah and Washington.States that structure closings differently. You and the seller are not required to be in the same location. Instead, the closing agent coordinates the document signings as well as the funding of the loan with the assistance of a real estate agent involved in the sale or purchase. In some cases the closing, funding, and recording of the loan can occur on the same day, but usually the closings and funding will occur on different days. You may sign documents without certified check in hand if the loan is not funding on the same day. Attorneys are not present at closing. Currently, the escrow states are: Alaska, Arizona, California, Hawaii, Idaho, Nevada, New Mexico, parts of Ohio, Oregon, Utah and Washington.
Estate
The total of property, possessions, and debt owned at the time of death.
Estimated Gross Costs of Buying
The total amount of principal and interest payments over the number of years that you plan to own your home.
Estimated Increase in Equity
A property's estimated increase in value, determined by applying an estimated rate of appreciation for a specific number of years.
Estimated Net Costs of Buying
The estimated gross costs of buying a home minus estimated tax savings and estimated increase in equity.
