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S - Definitions - Mortgage Dictionary
Look up any mortgage term or condition and immediately know
the definition of that mortgage program or word.
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Seller carry back
An agreement in which the owner of a property provides financing, often in combination with an assumed mortgage.
Stated/documented income
Some loan products require only that applicants "state" the source of their income without providing supporting documentation such as tax returns.
Survey
A print showing the measurements of the boundaries of a parcel of land, together with the location of all improvements on the land and sometimes its area and topography.
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