article thumbnail

131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

If your clients are concerned about getting approved for a loan, you can remind them that a co-borrower agrees to back the borrower in a mortgage loan. Construction loan. Liens can come from unpaid mortgages, construction bills, even HOA fees. Pre-approval. Contingency. A mortgage is also considered a lien.