Choose the letter of the term you want to see.
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Earnest Money |
A portion of the down payment delivered to the seller or an escrow agency by the purchaser of real estate with a purchase offer as evidence of good faith. |
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Equal Credit Opportunity Act (ECOA) |
A Federal law requiring lenders and other creditors to make credit equally available without discrimination based on race, color, religion, national origin, sex, age, marital status, receipt of income from public assistance programs or past exercising of rights under the Consumer Credit Protection Act. |
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Equity |
The ownership interest or portion of a property's value over and above the liens against it. |
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Escrow |
A procedure whereby a disinterested third party handles legal documents and funds on behalf of a seller and buyer. |
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