Glossary of terms used on this site
There are 105 entries in this glossary.E
| Term | Definition |
|---|---|
| Earnest Money |
The money the buyer gives the seller as an intention to buy the property. Earnest money is also known as a deposit. |
| Equity |
The equity in your home is the difference between what your home is worth in today’s market and how much you currently owe on your mortgage. |