- tenants-in-common
- An
undivided interest in property taken by two or more
persons. The interest need not be equal. Upon death
of one or more persons, there is no right of survivorship.
- title
-
The evidence one has of right to possession of land.
- title
insurance
- Insurance
against loss resulting from defects of title to
a specifically described parcel of real property.
-
- title
search
- An
investigation into the history of ownership of a
property to check for liens, unpaid claims, restrictions
or problems, to prove that the seller can transfer
free and clear ownership.
-
- total
debt ratio
- Monthly
debt and housing payments divided by gross monthly
income. Also known as Obligations-to-Income Ratio
or Back-End Ratio.
-
- Truth-in-Lending
Act
-
A federal law requiring a disclosure of credit terms
using a standard format. This is intended to facilitate
comparisons between the lending terms of different
financial institutions.
YOUR
FRIENDLY COLORADO MORTGAGE BROKER SINCE 1977
Home
| Today's
Rates
| Loan Programs | Refinance
Pre Qualified | Apply On-Line
| Toolkit
About Us | Contact
Us | Site Map
Copyright
Alpha Mortgage © 2003, All rights reserved.
|
