Mortgagee Financial Glossary
What is it? The lender in a mortgage loan transaction.Finance Term Definition Added By: Brandon
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Financial Term Equity is The market value of real property, less the amount of existing liens. Equity build-up is the reduction of principal on a mortgage or deed of trust by periodic payments, which increases (builds-up) the difference (equity) between the property value and amount of the lien.Financial Term Bid is The lowest price anyone wants to sell the security for at a given time. (See Ask, and Bid-Ask Spread)
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