A method of construction that utilizes recycled materials. …
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Estimated Hazard Insurance
An estimate of hazard insurance, also known as homeowner's insurance or fire insurance, to cover physical risks such as fire and wind damage. Lenders usually require coverage at least equal to the …
Equal Credit Opportunity Act (ECOA)
Federal law that prohibits a lender or other creditor from refusing to grant credit based on the applicant's sex, marital status, race, religion, national origin, or age, or because the applicant …
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Estimated Property Taxes
An estimate of property taxes to be paid semiannually, or monthly if the lender requires. The amount is based on local tax rates and assessed property value, which is based on the most recent sale …
Equalization
A mass appraisal or reappraisal of all property within a jurisdiction for the purpose of equalizing values to assure that each taxpayer is bearing a fair share of the tax load. …
Estimated Taxes And Insurance
A calculation of monthly estimated taxes and insurance, used by a lender to evaluate a borrower's effective monthly housing expense. …