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| Mortgage Professor about earnest money: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mortgage Refinance Tutorial
Here is what you will learn in this tutorial: 1. What does "saving money" on a refinance mean? 2. Should you finance the origination costs? 3. What hazards must be avoided? 4. Determining whether or not you will save money: what is the ... more... The Break-Even Period For Paying Points on a Mortgage October 30, 1999 "Re your column on 'How Much Is a 1/4 Percent Rate Reduction Worth?', as a mortgage broker of 20-years standing, I want to add a simple explanation that I always give to my clients. On a $200,000 loan, a 1/4% ... more... |
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earnest money related definitions |
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Escrow
Escrow An account held by the lender into which the home buyer pays money for tax or insurance payments. Also earnest deposits held pending loan closing. You'll ... more... Earnest Money Earnest Money Money given by a buyer to a seller as part of the purchase price to bind a transaction or assure payment. This deposit made by a buyer of real estate towards the down paymen is typically held by the real estate brokers or the escrow company. ... more... |
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