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Remember 2004? It ain’t over. - Atlanta Journal ConstitutionGo vote. As the polls were closing on election day four years ago, I sat with a group of George W. Bush campaign officials and supporters listening to reports of exit polls delivering the bad news. Bush was defeated. John Kerry had won the presidency ...
Today's Mortgage Terms starting with E
Equity: The difference between the current market value of a property and the total debt outstanding against the property.
Escrow: A transaction in which a third party represents both the buyer and seller, or for borrower and lender, involving the handling of legal documents and disbursement of funds. In some parts of the US, escrow of taxes and insurance premiums are referred to as impound or reserves.
View all Terms