Say What? Home-Buying Lingo You Should Know
Zillow
JULY 15, 2019
Equity : A percentage of the home's value owned by the homeowner. Escrow account : An account required by a lender and funded by a buyer's mortgage payment to pay the buyer's homeowners insurance and property taxes. Loan-to-value ratio (LTV) : The amount of the loan divided by the price of the house.
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