Often called a General Warranty Deed; a deed in which
the grantor warrants or guarantees the title to real property against
defects existing before the grantor acquired title or arising during
the grantor's ownership.
An affordability analysis that is based on a what-if
scenario. A what-if analysis is useful if you do not have complete data
or if you want to explore the effect of various changes to your income,
liabilities, or available funds or to the qualifying ratios or down
payment expenses that are used in the analysis.
A change in the amounts that is used as the basis of
an affordability analysis. A what-if scenario can include changes to
monthly income, debts, or down payment funds or to the qualifying ratios
or down payment expenses that are used in the analysis. You can use
a what-if scenario to explore different ways to improve your ability
to afford a house.
Results when an existing assumable loan is combined with
a new loan, resulting in an interest rate somewhere between the old
rate and the current market rate. The payments are made to a second
lender or the previous homeowner, who then forwards the payment to the
first lender after taking the additional amount off the top.