Realtor Jargon:
Shared-appreciation mortgage -
A loan that allows a lender or other party to share in the borrower's profits when the home is sold.


Binder
A report detailing the condition of a property's title. Usually issued by a title insurance company to provide guidelines for issuing a title insurance policy.


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For a more indepth definition or explanation of Binder and how it affects your real estate transaction, call me!