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| Each letter will take you to a list of financial terms and their meaning. |
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| E |
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Escrow
Documentation held impartially which is related to the sale and transfer of real estate. |
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Equity
Difference between the sum owed on the loan and the present market value of the property or home.
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Equal Credit Opportunity Act (ECOA)
Federal law which requires lenders and other creditors to make credit equally available without discrimination based on race, color, religion, national origin, age, marital status, sex or receipt of income from public assistance programs.
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Earnest Money
Amount of money provided by a buyer to a seller as part of the price of purchase to bind a transaction or assure payment.
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| « Back to Glossary |
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