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Binder loans mortgage terminology definition



Binder: Once earnest money is put down toward the purchase of a home this agreement holds the home while the proper inspections and appraisals are conducted.

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This entry was posted on Monday, January 26th, 2009 at 2:21 am and is filed under Mortgage Glossary. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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