Buyer's Guide - Coldwell Banker Real Estate Group - Manual / Resource - Page 22
Glossary
Notes, questions,
of Terms
concerns, Ideas
Equity
The difference between the value of the
property and any loans on the property.
LTV
Called loan to value. The loan amount
divided by the value of the property, then
expressed as a percentage. For example,
if the loan is $90,000 on a $100,000
property, then you have a 90% LTV.
Amortization Schedule
A table that shows what portion of your
monthly payment goes to principal and what
portion goes to interest. The schedule will
show the payment numbers for every month,
and how much is still owed every month too.
Seller Concessions
These are closing costs that might be generally
paid by the buyer but depending on the loan
program, a buyer can ask the seller to pay.
