Letter of intent A formal statement that a buyer intends to purchase property for a certain price and on a specific date.
TOP
Liability insurance A type of insurance that covers owners against claims alleging that a property owner's negligence or inappropriate action resulted in bodily injury or property damage to another party.
Loan application A document that details personal and financial information required to apply for a loan.
Loan application fee A fee charged by lenders to make a loan application.
Lock-in A written agreement guaranteeing a buyer a specified interest rate provided the loan is closed within a set period of time.
