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Term
The time limit within which a loan must be repaid.
Title
The written evidence that proves the right of ownership of a specific piece of property.
Title Insurance
Protection for lenders or homeowners against financial loss resulting from legal defects in the title.
Title Search
An examination of public records to disclose the past and current facts regarding the ownership of a given piece of real estate.
Transaction Fee
A fee which may be charged each time you draw on a home equity credit line.
Truth-In-Lending Act
A federal law requiring a disclosure of credit terms using a standard format. This is intended to facilitate comparisons between the lending terms of financial institutions.

 

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Topics on this page: Title Company | Title Insurance For Home Loans | Oregon Home Loan Source | Truth In Lending Act