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Condominium

Real estate that includes the separate ownership of a specified unit with undivided interest in the ownership of the common elements which are owned jointly with the other condominium unit…

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Commitment

A written letter of agreement detailing the terms and conditions on which the mortgage company will lend money to finance a home….

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Certificate of Occupancy

Written authorization issued by a local municipal authority that permits occupancy of a newly constructed home….

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Certificate of Eligibility

A document issued by the Veterans Administration showing the borrower is eligible to obtain a VA loan….

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Broker

…business of arranging funding or negotiating contracts for a client but who does not loan money himself. A broker usually charges a fee or receives a commission for his services….

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