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 | May 15, 2026 | F-J, PropertyPedia
A “hard pull” (also called a hard inquiry) on a credit report occurs when a lender reviews a borrower’s credit history as part of a formal application for credit, such as a mortgage loan. In the mortgage context, the lender obtains the borrower’s credit report from...
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 | A-E, PropertyPedia
A blended interest rate is the weighted average rate applied when a borrower has multiple loans or financing components secured by the same property. It reflects the combined cost of borrowing across different interest rates, loan balances, and terms. The calculation...
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...
