131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023
The Close
DECEMBER 29, 2022
In a no-cost mortgage, the lending institution pays all of the closing costs in exchange for the borrower paying a higher interest rate. A borrower will pay an origination fee to the lending institution to cover the cost of processing a mortgage loan. Proof of funds. These funds must be liquid, not stocks or bonds.
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