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Relocation

Referring to any service that assists a family to move house or a business to move from one establishment to another.

Contributors in Relocation

Relocation

Lock

Business services; Relocation

The period, expressed in days, during which a lender will guarantee an interest rate.

Local fees

Business services; Relocation

Fees typically charged by local governments regarding the transfer and recording of real estate transactions. These may include recording fees for deeds, mortgages, releases of mortgages, city/county ...

Local custom

Business services; Relocation

A common practise in an area that is often unwritten.

Loan commitment

Business services; Relocation

A written promise by a lender to make or insure a loan for a specified amount an on specified terms.

Loan-to-value ratio (LTV)

Business services; Relocation

The relationship between the principal balance of the mortgage and the appraised value (or sales price if it is lower) of the property.

Loan origination fee or points

Business services; Relocation

Fees paid to a lender to reduce the interest rate.

Listing agreement

Business services; Relocation

An agreement between a seller of real property and a real estate broker whereby the broker agrees to attempt to secure a buyer for the property.

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