Customer at Mortgage Glossary
What is it? A prospective buyer of real estate. Not to be confused with a property seller, who is the listing brokers client.Mortgage Dictionary Term Added By: Miles
The Customer definition has been viewed 165 Time(s)!
Send To Friends!
If you'd like to send the Customer definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -We hope you now understand the meaning of Customer. If you need any more information on this term, please don't hesitate to contact us.
Other Similar Mortgage Terms:
Mortgage Term Framing is The construction of the skeletal framework of a house.Mortgage Term Equity is The difference between the current market value of a property and the principal balance of all outstanding loans.
Mortgage Term Loan -to-value ratio is A technical measure used by lenders to assess the relationship of the loan amount to the value of the property
Mortgage Term Credit Repository is Organizations that maintain and make available public credit history records; lenders use information from credit repositories to derive credit scores for potential borrowers. (See credit report, credit score)
Mortgage Term Mortgagor is The person who borrows money to purchase a house. The lender is called the mortgagee.