Guías de estudio, Notas de estudios & Resúmenes

Borrower (Mortgagor) An individual who applies for and receives funds in the form of a loan and is obligated to repay the loan in full under the terms of the loan. Title The document that gives evidence of ownership of a property. It also indicates the rights of ownership and possession of the property. Refinancing The process of paying off one loan with the proceeds from a new loan secured by the same property. Escrow Company A licensed neutral third party that distri...