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Bill Of Sale

A written document that transfers title to personal...

Right Of Survivorship

In joint tenancy, the right of survivors to acquire the interest of a deceased joint...

Closing

A meeting at which a sale of a property is finalized by the buyer signing the mortgage documents and paying closing costs. Also called...

Amortization Schedule

A timetable for payment of a mortgage loan. An amortization schedule shows the amount of each payment applied to interest and principal and...

Estate

The ownership interest of an individual in real property. The sum total of all the real property and personal property owned by an...

Certificate Of Reasonable

A document issued by the Department of Veterans Affairs (VA) that establishes the maximum value and loan amount for a VA mortgage....

Insurance Binder

A document that states that insurance is temporarily in effect. Because the coverage will expire by a specified date, a permanent policy...

Partial Payment

A payment that is not sufficient to cover the scheduled monthly payment on a mortgage...

Note

A legal document that obligates a borrower to repay a mortgage loan at a stated interest rate during a specified period of...

Guaranteed Loan

Also known as a government...