Mortgages
Closing Costs
The processing, legal, title, appraisal, and governmental fees paid by buyers and sellers at the formal closing of a real estate transaction.
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Financial Industry Glossary & Underwriting Guide
Master essential home mortgage, auto financing, interest rate, and underwriting terminology with interactive calculators, mathematical formulas, and practical lending guidelines.
Terms Starting With "C"
Showing 5 definitionsMortgages
Conforming Loan
A conventional mortgage that meets the underwriting guidelines and loan amount limits set by Fannie Mae and Freddie Mac.
MortgagesC2P
Construction-to-Permanent Loan (Single-Close)
A unified mortgage facility that finances land acquisition and ground-up home construction via staged builder draws, then automatically converts into a long-term permanent mortgage upon completion.
MortgagesCD
Closing Disclosure (CD)
The final 5-page federal mortgage settlement statement that itemizes the exact final loan terms, closing costs, and Cash to Close, required to be delivered at least 3 business days prior to loan consummation.
Mortgages
Chain of Title & Abstract of Title
The chronological historical sequence of all recorded ownership transfers, deeds, mortgages, and liens affecting a parcel of real property from its original grant to the present owner.