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     Rate vs. Price:
          Rate refers to the interest rate. Price refers to points. 
          It is easy to become confused as both rate and points are 
          usually referred to in 1/8 percent increments. A good rule 
          of thumb is that often a 1/8% change in interest rate reflects 
          a 1/2% change in points (actual rate and points may vary slightly)

     Single Family Residence:
          Standard, one unit home, as opposed to a Condo/Town Home
          that is attached. Homeowners association fee will not typically
          include home owners insurance like a condo. 

     Title Company:
          Company that prepares title work and is where the closing is held

     Title Insurance:
          Policy provided by the title company on their title work 
          guaranteeing the accuracy and completion. Lenders Policy 
          is required and only protects the Lender from loss, 
          Owners Policy is available at buyers discretion & protects the owner

     Title Work:
          Document prepared by title company which outlines the 
          ownership of the property and other various details

     Underwriting:
          Act of approving a loan application. Underwriters are bound by 
          guidelines set forth by Fannie Mae, Freddie Mac, FHA or VA as applicable

     VA Financing:
          Government backed financing available only for service veterans, 
          characterized by no down payment, no mortgage insurance, but with 
          a funding fee.