Real estate

Real estate

Of or pertaining to property of land and the buildings on it. This also includes any minerals, crops, or any other natural resource. The business of real estate is the buying, selling, or renting property.

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Real estate > Mortgage

line of credit

Banking; Mortgage

An agreement by a commercial bank or other financial institution to extend credit up to a certain amount for a certain length of time, based upon the loan’s purpose, the ...

liquidity

Banking; Mortgage

The ability to readily convert assets or investments to cash.

loan purpose

Banking; Mortgage

Indicates whether the loan is intended for purchasing or refinancing real estate.

lock expiration date

Banking; Mortgage

The interest rate range can only be locked for a set number of days. The rate lock option will expire after the lock expiration date.

posted prices

Banking; Mortgage

The mortgage prices delivered by lenders to loan officers and mortgage brokers, as opposed to the final prices paid by borrowers.

processing

Banking; Mortgage

Compiling and maintaining the file of information about a mortgage transaction, including the credit report, appraisal, verification of employment and assets, and so on.