131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023
The Close
DECEMBER 29, 2022
It generally results in a higher interest rate or additional points, but it’s a way for homeowners to leverage their equity in a property. Conventional loans often require 20% of the purchase price, while government-backed mortgages could require much less (sometimes nothing!). Home equity conversion mortgage. Loan officer.
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