131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023
The Close
DECEMBER 29, 2022
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. Cost of funds index (COFI). Jumbo loans generally require stricter qualifications, higher credit scores, and higher income and/or cash reserves. Planned unit development (PUD).
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