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HUD-1 settlement statement
HUD-1 settlement statement The HUD-1 Settlement Statement lists all charges and credits to the buyer and to the seller in a real estate settlement, or […]
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Home purchase price
Home purchase price A home’s purchase price is the amount agreed to by the buyer and seller to be paid to the seller to purchase […]
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Homeowner’s insurance
Homeowner’s insurance Homeowner’s insurance pays for losses and damage to your property if something unexpected happens, like a fire or burglary. When you have a […]
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Homeowners’ Association (HOA)
Homeowners’ Association (HOA) A homeowners’ association (HOA), is typically formed to manage shared expenses such as landscaping and other maintenance costs for a planned subdivision […]
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Home inspection
Home inspection A home inspection is often part of the home buying process. You typically have the right to hire a home inspector to examine […]
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Home equity loan
Home equity loan A home equity loan (sometimes called a HEL) allows you to borrow money using the equity in your home as collateral. Equity […]
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Home equity line of credit (HELOC)
Home equity line of credit (HELOC) A home equity line of credit (HELOC) is a line of credit that allows you to borrow against your […]
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Home appraisal
Home appraisal An appraisal is a written document that shows an opinion of how much a property is worth. The appraisal gives you useful information […]
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