by Ethan Atkinson | May 15, 2026 | P-T, PropertyPedia
A mortgage “pre-qualification” is an initial evaluation by a lender of a prospective borrower’s financial profile to estimate how much the borrower may be eligible to borrow for a home purchase or refinance. The process is generally informal and is often based on...
by Ethan Atkinson | May 15, 2026 | P-T, PropertyPedia
A “soft pull” (also called a soft inquiry) on a credit report occurs when a person or organization reviews credit information without it being tied to a formal application for new credit. In the mortgage industry, soft pulls are commonly used during the...
by Ethan Atkinson | Apr 9, 2026 | P-T, PropertyPedia
In real estate law, a patent is the original conveyance of title to land from the government to a private individual or entity. It represents the first transfer of ownership from public to private hands. A land patent establishes the foundation of title for property...
by Ethan Atkinson | Apr 7, 2026 | P-T, PropertyPedia
Transactional funding is a form of short-term financing used primarily in real estate wholesaling and investment transactions to facilitate back-to-back closings. It provides the investor with temporary capital to purchase a property, often for a very brief period...
by Ethan Atkinson | Feb 15, 2026 | P-T, PropertyPedia
In real estate finance and consumer credit law, Truth in Lending refers to federal statutes and regulations, including Regulation Z, that are designed to ensure that prospective borrowers and credit purchasers receive clear and accurate information about the cost of...
by Ethan Atkinson | Feb 15, 2026 | P-T, PropertyPedia
In real estate finance, a trustor is the borrower under a deed of trust. The trustor conveys legal title to the property to a trustee as security for the repayment of a loan to the beneficiary, or lender. Although title is transferred to the trustee for security...
