|Real Estate Agent||
A person licensed to negotiate and transact the sale or purchase of real estate property.
|Real Estate Broker||
A person or corporation licensed by the state to operate a real estate business.
The process of taking out a new mortgage loan to replace your existing mortgage loan for the purpose of changing loan terms including interest rate, taking out cash and/or shortening or lengthening the loan period.
Money lenders require you to set aside to pay for unexpected repairs and the mortgage payment.