131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023
The Close
DECEMBER 29, 2022
Construction loan. These mortgages were developed in the 1980s in an era of double-digit interest rates when borrowers were hopeful that the rates wouldn’t rise much more. This is when a homeowner turns a deed over to the mortgaging bank to avoid going into foreclosure. Contingency. Cost of funds index (COFI). Related Article.
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