Relocation

Relocation

Referring to any service that assists a family to move house or a business to move from one establishment to another.

Industry: Business services

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Relocation

mortgage broker

Business services; Relocation

Arranges financing for a borrower by placing loans with lenders. Mortgage brokers are paid a fee by the borrower or the lender when a loan closes.

A mortgage banker controls the entire mortgage process from origination through funding. Mortgage bankers fund loans with their own resources and generally sell their closed loans to investors on the ...

mortgage assumption fee

Business services; Relocation

If a mortgage can be transferred from seller to buyer, and the purchaser wishes to keep this capability for marketing purposes or due to a favorable interest rate, many lenders may charge a fee to ...

amortization

Business services; Relocation

The gradual repayment of a mortgage loan by installments.

allowances

Business services; Relocation

In real estate sale, a specific amount of money that has been negotiated in the contract of sale to be applied as a concession to the buyer. Typically for repairs, improvements, closing costs etc.