Definition
Deed of Trust
A security instrument used instead of a mortgage in many states, involving a trustee who holds title until the debt is satisfied.
Nearby terms
Deed
The legal instrument transferring ownership of real property from one party to another.
Deed in Lieu of Foreclosure
Voluntarily transferring the property to the lender to satisfy the debt and avoid foreclosure proceedings.
Delayed Financing
An exception permitting a cash buyer to take cash-out financing shortly after purchase, without the usual seasoning requirement.
Discount Point
A fee equal to 1% of the loan amount paid at closing in exchange for a lower interest rate.
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