Counter Offer

The rejection of an offer to buy or sell property, whereby the other party simultaneously makes an alternative offer or otherwise changes the terms in some way.

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Conventional Mortgage

A private sector loan that is not guaranteed or insured by the U.S. government or other entity.  Conventional loans are required to follow Fannie Mae Guidelines in order to be bought and sold on [...]

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Construction Loan

A loan providing the funds necessary to pay for the construction of buildings or homes.  The lender advances funds to the builder at periodic intervals as the work is completed.

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