Mortgage Dictionary
A guide to mortgage and real estate terminology
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New Definitions
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| | Effective age | | An appraiser’s opinion of the physical condition of a building, ... | | Encumbrance | | An interest or legal right in land that affects a ... | | Equity | | An owner's financial interest in a property. This is calculated ... | | Ernest Money | | Ernest Money is money that is put down by a ... | | Escrow account | | This is a separate account into which the lender puts ... | |
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