ALT EXAMPLE - REAL ESTATE - HOME BUYER'S GUIDE - Flipbook - Page 13
HOMEOWNER’S INSURANCE
Combines protection against damage to a dwelling and its
contents including fire, storms, or other damages with
protection against claims of negligence or inappropriate
action that results in someone’s injury or property damage.
ESCROW
An account established by a third party to act as
intermediary for the buyer and seller. This can also refer to
the impound account for monthly collection of taxes and
insurance after the loan closes.
LTV
Loan to Value: amount of loan to value of home ratio.
DTI
Debt to Income: amount of monthly income to monthly debt
in percent (%).
HOA
A private association for the purpose of marketing, managing,
and selling homes in some residential subdivisions.
