At Equity Real Estate we know that real estate terms can sometimes be confusing. We are going to share with you some common real estate terms and their meanings to help give you a greater understanding when you are trying to buy or sell a home.

   *Loan application: document required by a lender prior to issuing a loan commitment. 

      The application generally includes the following information:

  1.  Name of the borrower
  2. Amount and terms of the loan
  3. Description of the subject property to be mortgaged
  4. Borrowers financial and employment data

At Equity Real Estate we are here to help you navigate through all the processes of buying and selling a home. Please give us a call with any questions!

 

*Barron’s Real Estate Guide