Northeast Funding Services

Where What's Best For You Matters Most

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      • VA Loans: 10 Things To Know About The 100% Mortgage Program
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      • VA Loans: 10 Things To Know About The 100% Mortgage Program
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Mortgage Glossary – E

Mortgage Glossary – E

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Earnest Money 
Deposit made by a buyer towards the down payment in evidence of good faith delivered with a purchase offer.

Easement
A right of way giving persons other than the property owner access to or over a property.

Encroachment
An improvement that illegally violates another’s property or right to use that property.

Equifax
One of the three largest credit bureaus in the United States.

Equal Credit Opportunity Act (ECOA) 
Federal law requiring lenders and other creditors to make credit equally available without discrimination based on race, color, religion, national origin, age, sex, marital status or receipt of income from public assistance programs or past exercising or rights under the Consumer Credit Protection Act.

Equity 
The difference between the current market value of a property and the total debt obligations against the property.

Escrow 
A transaction in which a third party acts as the agent for seller and buyer, or for borrower and lender, in handling legal documents and disbursement of funds. In some parts of the US escrow of taxes and insurance premiums are called impound or reserves.

Escrow Account
The segregated trust account in which escrow funds are held. The lender disburses escrow account funds on behalf of the borrower when they are due.

Escrow Agent 
A person or organization with fiduciary responsibility to the buyer and seller, or the borrower and lender, to ensure that the terms of the purchase/sale or loan are carried out.

Experian
One of the three largest credit bureaus in the United States.

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Purchase Pre-Qualify

Keep the dream alive by getting pre-qualified before you start looking for a home.

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VA Home Loans

100% Financing may be an option if you're a United States Veteran, Service Member, or not remarried spouse.

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Refinance / Debt Consolidation

Using the equity in your home to payoff other bills or needs is a great option.

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Reverse Mortgages

Stop fighting to stay afloat. Use the reverse mortgage to give you quality of life and eliminate your mortgage payment and other bills.

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Recent Posts

VA home loans for United States veterans offered by Northeast Funding Services

VA Loans: 10 Things To Know About The 100% Mortgage Program

VA Home Loans: A Benefit You’ve Earned

Reverse mortgage loans are provided by Northeast Funding Services

Reverse Mortgage Counseling

Reverse mortgage loans are provided by Northeast Funding Services

Are there different types of reverse mortgages?

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South Carolina

638 E. Point Dr
Gilbert, SC 29054

803-239-4848

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Registered Mortgage Broker  South Carolina Department of Consumer Affairs NMLS ID#46813. Loans provided through third party providers.

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