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Money glossary (mouse click to expand)

DTI – obligations to earnings ratio EMD – Earnest dollars Deposit (version of cancelled test or line bill for serious revenue first deposit on a purchase). Escrow (also called headings Company) – An escrow is actually an ongoing process where the client and vendor money created recommendations, documents and finances with a neutral third party until certain situations happen to be fulfilled. Escrow work are typically given by a name insurance company as a substitute to a lawyer. Can act as the middleman between a vendor and a buyer of real estate. Read more