Definition
Seasoning
The length of time funds have been in an account or a loan has been held, used to satisfy sourcing and eligibility requirements.
Nearby terms
RESPA
The Real Estate Settlement Procedures Act, governing settlement practices and prohibiting kickbacks for referrals of settlement services.
Right of Rescission
A three-business-day window to cancel a refinance on a primary residence after signing.
Second Lien
A mortgage subordinate to the first, paid after it in a foreclosure and therefore priced higher.
Seller Concession
A negotiated contribution from the seller toward the buyer's closing costs, subject to programme limits.
Ready when you are
See your real numbers before you fall in love with a house.
Live rates, a full cost breakdown, and a pre-approval you can shop with. It takes a few minutes and it does not lock you into anything.
No fee · No obligation · Pre-approval typically under an hour · Call or text 24/7 · NMLS 2705737