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Maximum financing
Maximum financing A mortgage made on a property in which the lender’s lowest permissible down payment has been made.
RELATED TERMS--------------------------------------
Mortgage
A legal document pledging property as security for the payment of a loan.
Property
The rights of ownership. The right to use, possess, enjoy, and dispose of a thing in every legal way and to exclude everyone else from interfering with these rights.
SIMILAR TERMS--------------------------------------
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Master servicer
An institution that acts on behalf of a trustee for the benefit of security holders in collecting funds from a borrower, advancing funds in the event of delinquencies and, in the event of default, taking a property through foreclosure
Master-planned community
A large development that features neighborhoods, parks and other recreation areas, schools and shopping centers.
Material fact
Any fact that is relevant to a person making a decision. Agents must also disclose to buyers material facts about the condition of the property.
Maturity
The date on which the principal balance of a loan, bond, or other financial instrument becomes due and payable.
Maturity date
The date when the total principal balance comes due
Maximum financing
Mean
The average of all items included within a group, calculated by dividing the sum of the individual items, or variates, by the number of variates.
Mechanical systems
A house’s heating, cooling, plumbing and electrical apparatus.
Mechanic's lien
A lien created by statute on a specific property for labor or materials contributed to an improvement on that property.
Median
The middle figure in a set of numbers.
Median price
In a given area, the amount paid for a house in which half of the houses in that area sell for less and half sell for more.
This dictionary contains 6433 terms. |
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