Principal Proof of funds Title search 
Redfin
AUGUST 29, 2024
A mortgage calculator will estimate your mortgage payment, including the principal and interest, taxes, insurance, HOA, and PMI. The underwriter will do a title search on the property to ensure the current owners actually own the property. Once the money has been exchanged, the title is now in your name.
The Close
DECEMBER 29, 2022
How else would you and your clients understand how much is being paid in principal and interest over the years? Chain of title is an historical record of previous owners of a property that’s essential in establishing the legal ownership of the property. Clear title. Original principal balance. Proof of funds.
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