Winter Park Real Estate

Grantee

A person who's articulated an interest in real estate.

Partial Release

A specification on a financing deal that provides for some of the security to be relinquished when a selected total sum is returned.

firm commitment-

a contract created among the borrower and the lender about a particular loan to a select real estate.

Prepayment Risk

The chance and hesitation entailed if a mortgage holder gives a section of their loan before due. The duration of the security is reduced and the calculated income from predicted change of mortgage ranges diminished.

balloon payment-

the concluding total amount due upon termination of a ballon mortgage.

More Winter Park real estate terms