15 Homebuying Terms You Should Know When Searching for Your New Home
RIS Media
SEPTEMBER 21, 2020
Approved for short sale : A term that indicates that a bank has approved a homeowner for a reduced listing price on a home, and said home is ready for resale. Loan estimate : A three-page document sent to an applicant, often three days after they apply for a home loan. The fee, usually 0.3 – 1.5 Source: Zillow.
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