The percentage of monthly debt obligations relative to gross monthly income. …
Total Lender Fees
Fees required by the lender to obtain the loan, apart from other fees associated with transferring a property between buyer and seller. Also known as finance charges. …
Total Loan Amount
The base loan amount plus any financed closing costs. …
Time is of the Essence
A phrase in a purchase contract that indicates a certain period of time in which an act must be performed. …
Timeshare
Ownership that involves the acquisition of a specific period of time or percentage of interest in a vacation home or resort. …
Title
Title is a legal term referring to the ownership rights and interests in a property, including the right to possess, control, use, and transfer the property. A title is established through a deed or …