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A: Why use a Connecticut Mortgage Broker?
Connecticut Mortgage brokers.
Apply for a Connecticut Home Equity Loan
Apply for a Connecticut Home Mortgage Loan
Contact Us
First Time Buyer in Connecticut Seminar Sign Up
Get Pre-Approved or Pre-Qualified
Refinance your Connecticut Home Mortgage Loan
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Mortgage Glossary
Acorn Home Mortgage works with homeowners from prequalification to closing. Whether you are a First Time Home Buyer in Connecticut or trading up, we will assist you to find the best mortgage product for your specific needs. It is about what you can afford and your monthly payment. We personally meet our clients in CT.
Considering refinancing your Connecticut Mortgage, then let our experienced mortgage professionals evaluate your mortgage and debts to determine if you can save at least a month's worth of salary? Refinancing is all about restructuring your total debt to reduce your total monthly payment.
A B C D E F G H I J L M N O P Q R S T U V W Y Z
Earnest Money
Money given by a buyer to a seller as part of the purchase price to bind a transaction or assure payment.
Easement
A limited right to use another's land for a specific purpose which could include the running of utility cables or for gaining access to another property as in a shared driveway.
Economic Life
The period over which a property will yield a return on the investment. The time during which a building is considered to be valuable.
11th District Cost of Funds Index
This index is the monthly weighted average cost of savings, borrowing and advances of member institutions of the Federal Home Loan Bank of San Francisco. This index usually reacts more slowly in fluctuating markets, adjustments in interest rates tied to this index will lag behind some other market indicators.
Eminent Domain
The process by which the government takes private land for public use.
Encroachment
An unauthorized intrusion of real estate or personal property such as an overhanging roof, tree branches or roots or misplaced fences or walkway.
Encumbrance
A lien or claim to the title to real estate such as a CT mortgage or easement.
End Loan
Permanent CT mortgage financing secured to payoff a construction loan.
Entitlement
The VA home Connecticut home loan benefit is called an entitlement (i.e. entitlement for a VA guaranteed home Connecticut home loan). This is also known as eligibility.
Equal Credit Opportunity Act (ECOA)
Is a federal law that requires lenders and other creditors to make credit equally available without discrimination based on race, color, religion, national origin, age, sex, marital status or receipt of income from public assistance programs.
Equity
The difference between the fair market value and current indebtedness, also referred to as the owner's interest. The value an owner has in real estate over and above the obligation against the property.
Escrow
An account held by the lender into which the home buyer pays money for tax or insurance payments. Also earnest deposits held pending Connecticut home loan closing.
Escrow Disbursements
The use of escrow funds to pay real estate taxes, hazard insurance, CT mortgage insurance, and other property expenses as they become due.
Escrow Payment
The part of a mortgagor’s monthly payment that is held by the servicer to pay for taxes, hazard insurance, CT mortgage insurance, lease payments, and other items as they become due.
E-Z Doc Connecticut Home Loan
CT Mortgage loans that require less documentation than fully processed loans.
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