131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023
The Close
DECEMBER 29, 2022
Jumbo loans generally require stricter qualifications, higher credit scores, and higher income and/or cash reserves. In a no-cost mortgage, the lending institution pays all of the closing costs in exchange for the borrower paying a higher interest rate. Pre-approval. The limit is based on local median home values.
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