The money that accompanies an offer to purchase, as evidence of good faith.

The money collected by a lender each month to assure enough to pay for property taxes and property insurance when each comes due.

The right to, or ownership of, something. Represented by evidence of ownership such as a deed or bill of sale.

Insures against possible defects in title undiscovered in the title report.

Insurance policy required by the lender to protect the mortgage company in the event of default on the loan.

Fees charged by the State and County to transfer the deed from the seller to the buyer.

A process of measurement by a licensed surveyor to determine the boundaries of land.

Charges made by lenders to adjust the effective rate of interest on a loan. Each discount point equals one percent of the loan amount.

A lenders fee for origination of a loan.

Required by lender, designed to make certain you are paying a fair price for you home.

If you are the owner/occupant of your home, you are entitled to an annual $25,000 deduction* from the tax assess value of your home. This can lead to an estimated tax savings of $35/45 per month. You need to file for your exemption before March 1st to qualify. I will be glad to advise you in the filing process.

*Additional deductions may apply.