131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023
The Close
DECEMBER 29, 2022
Construction loan. Jumbo loans generally require stricter qualifications, higher credit scores, and higher income and/or cash reserves. Liens can come from unpaid mortgages, construction bills, even HOA fees. Pre-approval. It’s important for your clients to understand that pre-approval does not guarantee a mortgage loan.
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