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GENERAL REAL ESRATE TERMS
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Amortization

How your loan is paid down over time through monthly payments.

 

Interest Rate

The cost of borrowing money from a lender.

 

Principal

The original amount of the loan.

 

Survey

A measurement of property boundaries and land lines.

Homeowners Insurance

Protects your home against damage, theft, or disasters.

Termite Bond/ Inspection

Required in many areas to check for termite damage or protection plans

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