Betty Goyens, Your Malibu Agent


Credit Risk Score

2022-01-13T23:46:28-05:00January 13, 2022||

A credit risk score is a statistical summary of the information contained in a consumer’s credit report. The most well-known type of credit risk score is the Fair, Isaac or FICO score. This form of [...]

Credit Report

2022-01-13T23:46:07-05:00January 13, 2022||

A report documenting the credit history and current status of a borrower’s credit standing.

Conversion Clause

2022-01-13T23:45:38-05:00January 13, 2022||

A provision in an adjustable-rate mortgage allowing the loan to be converted to a fixed-rate mortgage at some point during the term. Usually conversion is allowed at the end of the first adjustment period. The [...]

Contract Sale or Deed

2022-01-13T23:45:06-05:00January 13, 2022||

A contract between purchaser and seller of real estate to convey title after certain conditions have been met. It is a form of installment sale.


2022-01-13T23:44:53-05:00January 13, 2022||

A condition that must be fulfilled before a contract is binding.

Consumer Reporting Agency (or Bureau)

2022-01-13T23:44:39-05:00January 13, 2022||

An organization that handles the preparation of reports used by lenders to determine a potential borrower’s credit history. The agency gets data for these reports from a credit repository and other sources.

Construction Loan

2022-01-13T23:44:22-05:00January 13, 2022||

A short-term interim loan to pay for the construction of buildings or homes. These are usually designed to provide periodic disbursements to the builder as he or she progresses.


2022-01-13T23:44:10-05:00January 13, 2022||

An adjustable-rate mortgage with a rate that adjusts based on a cost-of-funds index, often the 11th District Cost of Funds.

Closing Costs

2022-01-13T23:43:52-05:00January 13, 2022||

Expenses in addition to the price of the home incurred by buyers and sellers when a home is sold. Common closing costs include escrow fees, title insurance fees, document recording fees and real estate commissions.


2022-01-13T23:39:26-05:00January 13, 2022||

The meeting at which a home sale is finalized. The buyer signs the mortgage, pays closing costs and receives title to the home. The seller pays closing costs and receives the net proceeds from the [...]

Go to Top