House Buying Terms < Trusted → >

: A legal document that formally transfers ownership from the seller to the buyer. It must be signed by the seller and is typically filed with local government records.

: Most lenders prefer your annual income to be between $100,000 and $125,000 to approve a $400,000 mortgage. Essential real estate terms you should know | Opendoor house buying terms

Buying a home is one of the most complex financial transactions you will ever navigate. To help you understand the landscape, 1. Essential Ownership Documents ("The Papers") : A legal document that formally transfers ownership

: A neutral third party that holds funds and documents until all conditions of the sale are met. 000 and $125