Use GSHL’s Educational Resources For Everything Home Buying Related.

Resources

Home Inspection Checklist

Home Inspection Checklist

Home Inspection Checklist Structure Inspecting the structure of the home includes looking over the floors, walls, roof framing, and ceiling... read more →

conventional loan

Definition: conventional loan A conventional loan is a mortgage that is not guaranteed or insured by a government agency.

rehabilitation loan

Definition: rehabilitation loan A rehab loan is a one-time opportunity to clean the default on a defaulted federal education loan... read more →

jumbo loan

Definition: jumbo loan Jumbo loans are given out for an amount that exceeds conforming loan limits established by regulations. In... read more →

Investment loan

Definition: investment loan An investment loan is an amount of money lent to finance a project.

Primary Loan

Definition: Primary loan A primary loan is the first loan that a borrower takes out on a piece of collateral.

Refinance (home loan)

Definition: refinance (home loan) Getting a new mortgage to replace the original one is known as refinancing, and is done... read more →

USDA Loan

Definition: USDA Loan A USDA loan is a zero down payment mortgage that is made available to rural and suburban... read more →

VA Loan

Definition: VA Loan A VA loan is a mortgage loan program provided to help veterans and their families obtain home... read more →

income

Definition: income Income is the money received, on a regular basis, for work performed.

creditworthiness

Definition: creditworthiness Creditworthiness is the valuations of borrowers by lenders that determines the possibility a borrower may default on their... read more →

asset

Definition: asset An asset is a property owned by a person that is regarded to have value and can meet... read more →

loan application

Definition: loan application A loan application is a document the provides information, financial and otherwise, about the borrow that lenders... read more →

lender

Definition: lender A lender is any organization, individual, or public group that makes funds available with the stipulation that the... read more →

closing costs

Definition: closing costs Closing costs are the fees paid at the time of the closing of a real estate transaction.
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