Mortgage Broker:

Mortgage Broker: – David Reecher A mortgage broker is a lender who can shop loans from multiple banks. Sometimes a mortgage broker can get a better deal for buyers by checking with different ba... Read More

Mortgage

Mortgage – David Reecher A type of loan used to buy houses with a portion of the payment going towards interest and principal each month. Money may also be collected every month for property taxes a... Read More

MLS

MLS – David Reecher Multiple Listing Service (MLS), is a marketing database set up by a group of cooperating real estate brokers. It also is a mechanism for listing brokers to offer compensation to ... Read More

Material Fact

Material Fact – David Reecher A fact that, if known, might have caused a buyer or seller of real estate to make a different decision with regards to remaining in a contract or to the price paid or r... Read More

Loan Term

Loan Term – David Reecher Period over which a loan agreement is in force, and before or at the end of which the loan should either be repaid or renegotiated for another term.... Read More

Loan Payoff

Loan Payoff – David Reecher A statement prepared by a lender showing the remaining terms on a mortgage or other loan. The payoff statement shows the remaining loan balance and number of payments and... Read More