Orange County Real Estate FAQ
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Mortgage Terminology
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Late Charge
The penalty a borrower must pay when a payment is made a stated number of days after the due date.
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Lease-Purchase Mortgage Loan
An alternative financing option that allows low and moderate income home buyers to lease a home with an option to buy. Each month's rent payment consists of principal, interest, taxes and insurance (PITI) payments on the first mortgage plus an extra amount that accumulates in a savings account for a down payment.
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Liabilities
A person's financial obligations. Liabilities include long term and short term debt.
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Lien
A claim upon a piece of property for the payment or satisfaction of a debt or obligation.
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Lifetime Payment Cap
For an adjustable rate mortgage (ARM), a limit on the amount that payments can increase or decrease over the life of the mortgage.
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Lifetime Rate Cap
For an adjustable rate mortgage (ARM), a limit on the amount that the interest rate can increase or decrease over the life of the loan. See cap.
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Loan
A sum of borrowed money (principal) that is generally repaid with interest.
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Loan to Value Ratio
The relationship between the amount of the mortgage loan and the appraised value of the property expressed as a percentage.
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Lock
A lender's guarantee that the mortgage rate quoted will be good for a specific number of days from the day of application.
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Click on City Below for Real Estate in that City
Click on Topics below to go to more information on that Topic
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Orange County real estate can be acccessed by city from the cities listed below. Orange County Shopping is going to great lengths to provide you with the best possible access to Orange County real estate information over all of Orange County. To make this possible we a currently putting together a group of around forty of the top realtors in Orange County. We will be providing you information from the best of the best. Please bear with us as we go through this process.
If you are a real estate professional and would like to be listed here, please contact us.
If you're interested in leasing Orange County Commercial Property in a particular location, go to the Orange County city map page, click on a city, then click on Shopping Centers and find the shopping center you're interested in. We are currently adding to our list of shopping centers. We list the property management company wherever we can. If you manage Orange County commercial property and would like to be listed here, please contact us
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