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Global Financial Integration - Inside Indiana BusinessNo matter who you are these days – whether you’re a homebuyer seeking a mortgage, a homeowner seeking to refinance, or a business looking for a loan – the recent market turbulence has created tremendous uncertainty. That’s why the Federal ...
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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