Kentucky Closing Costs
Kentucky Closing Costs

What are the Closing Costs in Kentucky?   Closing expenses in Kentucky typically range between $3000 and $5000, or 2% to 5% of the loan

Mortgage Originator Definition
Mortgage Originator

What is the definition of a Mortgage Originator ? A mortgage originator is an institution or individual who works with a borrower to execute a

Indemnity Definition
Indemnity Insurance

Indemnity Insurance The following article will cover all aspects of Indemnity Insurance including: What is Indemnity Insurance, How does Indemnity Insurance work, What are the

Appreciation Definition
Appreciation

Appreciation Definition The following article will cover all aspects of Appreciation, including: What is  Appreciation, How does Property Appreciation work, What are the Key Factors

Final Walkthrough Definition
Final Walk-Through

What is the definition of a Walk-Through? Before the actual closing, home buyers can do a last tour to check the property. The buyer and

Utility Costs Definition
Utility Costs

Utility Costs The following article will cover all aspects of Utility Costs, including: What are Utility costs, How do Utility Costs work, What are the

Lenders Mortgage Insurance Definition
Lenders Mortgage Insurance

Lenders Mortgage Insurance The following article will cover all aspects of Lenders Mortgage Insurance, including: What is Lenders Mortgage Insurance, How does Lenders Mortgage Insurance

Mortgage Term Definition
Mortgage Term

Mortgage Term Definition The following article will cover all aspects of a Mortgage Term, including: What is a Mortgage Term, How does a Mortgage Term

Real Property Definition
Real Property

Real Property The following article will cover all aspects of Real Property, including: What is Real Property, How does Real Property work, What are the

Closing costs Tennessee
Tennessee Closing Costs

What are the Closing Costs in Tennessee? Closing costs in Tennessee are expected to range from $3000 to $5000, or 2% to 5% of the

Housing expenses-to-income Ratio
Housing Expenses-to-Income Ratio

Housing Expenses-to-Income Ratio The following article will cover all aspects of Housing Expenses-to-Income Ratio including: What is Housing Expenses-to-Income Ratio, How does Housing Expenses-to-Income Ratio

Ginnie Mae Security Definition
Ginnie Mae

What is Ginnie Mae? The following article will cover all aspects of Ginnie Mae including: What is Ginnie Mae, How does Ginnie Mae work, What

Foreclosure Definition
Foreclosure

Foreclosure The following article will cover all aspects of Foreclosure including: What is Foreclosure, How does Foreclosure work, Can you avoid Foreclosure and the consequences

Principal interest taxes insurance piti Definition
PITI

PITI (Principal, Interest, Taxes, Insurance) The following article will cover all aspects of PITI including: What is PITI, How does PITI work, and What are

Due on sale Clause Definition
Due-on-Sale Clause

Due-On-Sale Clause The following article will cover all aspects of a Due-On-Sale Clause including: What is a Due-On-Sale Clause, How does a Due-On-Sale Clause work,

Covenant Definition
Covenant

Covenant The following article will cover all aspects of a Covenant, including: What is a Covenant, How does a Covenant work, What are the Types

Attorneys Fee Definition
Attorney Fees

Attorneys Fees The following article will cover all aspects of Attorneys Fees including: What are Attorneys Fees, How do Attorneys Fees work, What are Types

Cloud on Title Definition
Cloud on Title

What Is a Cloud on Title? Cloud on Title is any document, claim, unreleased lien, or encumbrance that might invalidate or impair a title to

Buydown Definition
Buydown

Buydown The following article will cover all aspects of a Buydown, including: What is a Buydown, How does a Buydown work, Types of Buydowns and

Balance Sheet Definition
Balance Sheet

Balance Sheet The following article will cover all aspects of a Balance Sheet, including: What is a Balance Sheet, How does a Balance Sheet work,

Variable Rate Mortgage (VRM) Definition
Variable Rate Mortgage (VRM)

Variable Rate Mortgage (VRM) The following article will cover all aspects of a Variable Rate Mortgage including: What is a Variable Rate Mortgage, How does

Property Title Search Definition
Property Title Search

Property Title Search The following article will cover all aspects of a Property Title Search including: What is a Property Title Search, How does a

Freddie Mac Definition
Freddie Mac

Freddie Mac The following article will cover all aspects of Freddie Mac including: What is Freddie Mac, How does Freddie Mac work, What are the

Title Insurance Definition
Title Insurance

Title Insurance The following article will cover all aspects of Title Insurance including: What is Title Insurance, How does Title Insurance work, What are the

Open-End Mortgage Definition
Open-End Mortgage

Open-End Mortgage The following article will cover all aspects of an Open-End Mortgage including: What is an Open-End Mortgage, How do Open-End Mortgages work, What

Line of Credit Definition
Line of Credit

Line of Credit The following article will cover all aspects of Line of Credit including: What is a Line of Credit, How does a Line

Prepayment Penalty Definition
Prepayment Penalty

Prepayment Penalty The following article will cover all aspects of a Prepayment Penalty including: What is a Prepayment Penalty, How does a Prepayment Penalty work,

Principal Definition
Principal

Principal The following article will cover all aspects of Principal including: What is Principal, How does Principal work, What are the types of Principal and

Recording Fee Definition
Recording Fee

Recording Fee The following article will cover all aspects of a Recording Fee including: What is a Recording Fee, How does a Recording Fee work,

Transfer Tax Definition
Transfer Tax

Transfer Tax The following article will cover all aspects of  a Transfer Tax including: What is a Transfer Tax, How does a Transfer Tax work,

Underwriter Definition
Underwriter

Underwriters The following article will cover all aspects of Underwriters including: What is an Underwriter, How does Underwriting work, types of Underwriters and the benefits

Personal Finance Definition
Personal Finance

Personal Finance The following article will cover all aspects of Personal Finance including: What is Personal Finance, How does Personal Finance work, What are the

Second Mortgage Definition
Second Mortgage

Second Mortgage The following article will cover all aspects of a Second Mortgage including: What is a Second Mortgage, How does a Second Mortgage work,

Right of First Refusal Definition
Right of First Refusal

Right of First Refusal The following article will cover all aspects of Right of First Refusal including: What is the Right of First Refusal, How

Truth In Lending Act Definition
Truth In Lending Act

Truth In Lending Act The following article will cover all aspects of the Truth In Lending Act including: What is the Truth In Lending Act,

Leasehold Definition
Leasehold

Leaseholds The following article will cover all aspects of Leaseholds including: What is a Leasehold, How does a Leasehold work, types of Leaseholds and benefits

Uniform Settlement Statement Definition
Uniform Settlement Statement (HUD-1)

Uniform Settlement Statement The following article will cover all aspects of a Uniform Settlement Statement (HUD-1) including: What is a Uniform Settlement Statement, How does

Right of Rescission Definition
Right of Rescission

Right of Rescission The following article will cover all aspects of the Right of Rescission including: What is the Right of Rescission, How does the

What are closing costs in Alabama
Alabama Closing Costs

What are the Closing Costs in Alabama? Closing costs in Alabama are expected to range from $3000 to $5000, or 2% to 5% of the

Warranty Deed Definition
Warranty Deed

Warranty Deeds The following article will cover all aspects of a Warranty Deed, including: What is a Warranty Deed, How does a Warranty Deed work,

Rollover Mortgage Definition
Rollover Mortgage

Rollover Mortgage The following article will cover all aspects of Rollover Mortgages including: What is a Rollover Mortgage, How do Rollover Mortgages work, Are Rollover

What is a Tax Deed?
Tax Deed

What is a Tax Deed? The term tax deed refers to a legal document granting ownership of a property to a government body when the

What Is RESPA?
RESPA

What Is the Real Estate Settlement Procedures Act (RESPA)? The Real Estate Settlement Procedures Act (RESPA) was passed by the United States Congress in 1975

What is the Secondary Mortgage Market?
Secondary Mortgage Market

What Is the Secondary Mortgage Market? The secondary mortgage market is a marketplace where lenders and investors buy and sell home loans and servicing rights.

What is the Rural Housing Service?
Rural Housing Service (RHS)

What is the Rural Housing Service? The Rural Housing Service (RHS) of the United States Department of Agriculture (USDA) provides or guarantees RHS loans (USDA).

Reverse Mortgages and Annuity
Reverse Mortgages & Annuity

What are Reverse Mortgages and Annuity? Although reverse mortgages and annuities are two quite distinct financial products, they are both intended to produce a consistent,

What does Proration mean?
Proration

What does Proration mean? At closing, prorations are credits given to both the buyer and the seller. They make certain that each party pays solely