If you have questions, please contact our tax department.

Payment of additional points to lower the interest rate of the loan. Usually required for homes financed with less than a 20 percent down payment. If you have questions, please contact our tax department. Sometimes, an appraised value may be dependent upon certain improvements or repairs being made. The market value of a condo, co-op, townhouse property minus the amount of any existing loans or liens. Insurance written by a private company that insures repayment of the loan balance to the lender in the event of default by the borrower.