General Financial Glossary - Financial Terms Q - T

Refinancing - Paying off a loan with the money from a new loan which is secured by the same property.

Seller Carryback - Current property owner provides financing to the buyer, at times in combination with an assumed loan.

Title company - Company that specializes in insuring titles to properties

Title Insurance - Insurance which protects the lender (Lenders Policy) or the buyer (Owners Policy) against loss from disputes of ownership.

Title Search - A search of the the title records to ensure the seller is the legal owner of the said property. Also ensures that there are no liens or claims against the property.

Transfer Tax - Taxes that may be payable when the title passes from one owner to the next.

Truth in Lending Act - Federal law that requires for lenders to fully disclose, in writing, the terms and conditions of a mortgage to the borrower, including the APR and other charges.

Finance Terms A - D
Finance Terms E - H
Finance Terms I - L
Finance Terms M - P
Finance Terms U - Z

General Financial Glossary - Financial Terms Q - T

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