Home Buying Coarse
IN THIS LESSON
Overview
Key Terms Simplified
Underwriting: Final risk review by lender to approve your loan.
Clear to Close: Lender’s green light to prepare documents for closing.
Title: Legal ownership of the property. Attorney ensures it’s clear and insurable.
Contingency: Contract condition that must be met (inspection, appraisal, financing).
Closing Disclosure (CD): Final breakdown of all costs, fees, and credits due at closing.
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