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for Ms. Myers 4/11/2023

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Term
Definition
show when the seller accepts a buyer's offer on the home, usually by signing a Purchase and Sale Agreement already signed by the buyer  
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show a mortgage having an interest rate which is usually initially lower than that of a mortgage with a fixed rate but is adjusted periodically according to the cost of funds to the lender  
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show a table detailing each periodic payment on an amortizing loan, as generated by an amortization calculator  
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show fees paid at the closing of a real estate transaction  
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show a borrower's pledge of specific property to a lender, to secure repayment of a loan  
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Counteroffer   show
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show a sum of money that is included with your offer to purchase a home  
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show an ownership interest in property that may be offset by debts or other liabilities  
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show a form of compensation to the lender for providing the funds, or extending credit, to a borrower  
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Fixed-rate Mortgage   show
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Interest   show
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Lien   show
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Market Value   show
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show a form of prepaid interest you can choose to pay up front in exchange for a lower interest rate and monthly payments  
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Principal   show
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Created by: lawsonharris
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