Month: September 2019
Licensed Appraiser
Licensed Appraiser – David Reecher An appraiser who meets certain state requirements, but lacks the experience of a certified appraiser.... Read More In a Seller’s Market: Is it Time to Downsize?
In a Seller’s Market: Is it Time to Downsize? – David Reecher A study by Edelman Berland reveals that 33% of homeowners who are contemplating selling their house in the near future a... Read More Libor London Interbank Offered
Libor London Interbank Offered – David Reecher Rate, which is the rate that international banks, dealing in Eurodollars, charge each other for large loans.... Read More Letter of Intent
Letter of Intent – David Reecher A written statement, expressing a desire to enter into a contract, without actually doing so.... Read More Letter of Credit
Letter of Credit – David Reecher An arrangement, with specified conditions, where a bank agrees to substitute its credit for a customer’s.... Read More Letter of Commitment
Letter of Commitment – David Reecher Official notification to a borrower of the lender’s intent to grant a loan, it also specifies the terms of the loan and sets a date for the closing.... Read More 