The home loan.

The estimated value of the property.

Certificate of Title:
Document that proves the property is legally owned by the person who claims it.

Closing Costs:
All the fees and expenses associating with a closing on a home, usually about 6% of the cost of the home.

Comparative Market Analysis (CMA):
an examination of the prices at which similar properties in the same area recently sold.

Conditions that must be met in order for an offer on a home to proceed.

Debt to Income Ratio:
DTI is calculated by dividing total recurring monthly debt by gross monthly income. In order to qualify for a home loan, your DTI ratio must be under 43%.

Earnest Money Deposit:
Payment made to the seller to secure the the offer or prove intent.

An account where all the closing costs are stored while the lender approves the deal.

FICO Score:
Numerical value assigned to lenders based on their credit history.

Fiduciary Duties:
The responsibilities of the broker.

Home Owner's Association. They decide rules and standards for certain communities.

When a buyer has obtained a letter that says they will be qualified for a home loan.