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Waiver |
The relinquishing of a right |
Warranty |
A guarantee provided to the purchases regarding
the quality of appliances or fixtures sold Also a promise by the grantor of
a piece of property that he or she is responsible to the buyer if the title of
ownership is defect in any way |
Warranty deed |
A document conveying ownership of a property
that guarantees a clear, clean title |
Will |
A written document stating how an individual
chooses to have his or her property distributed after his or her
death |
Wraparound loan or Wraparound
mortgage |
A method of refinancing which covers the
remaining balance on an existing first mortgage as well as the additional
amount of loan being requested by the mortgagor; full payments covering both
mortgages are made to the Wraparound mortgagee, who then forwards on the
portion of payment due to the first mortgagee |
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Q |
What document must lenders provide within three days of receiving your application for financing?
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A |
The "Truth In Lending Disclosure Statement" will give you complete financial information about the loan. |
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William "Chip" Steinmetz RE/MAX Roots 101 East Maint st., Suite 103 Berryville, VA 22611 540-955-0911 Fax: 800-610-5653 Chip@teamrootsandwings.com
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