Fees and expenses paid by you and the seller for the purchase, sale, or financing of the property.
A document required by the Regulating Governing Bodies that itemizes all charges relating to loan. It also shows the annual percentage rate and finance charges with other important facts about your loan.
A legally binding clause added to a purchase agreement that states specific conditions must be met within a set amount of time. These conditions if unmet can void the contract.
Any mortgage that is not government insured or guaranteed. These loans have more favorable terms but also carry more stringent requirements (such as higher FICO requirements)