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Dominic Cantalupo Associate Broker CRIS
410-437-3311
DominicCantalupo@ChampionRealty.com
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Dominic Cantalupo Associate Broker CRIS
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410-437-3311
DominicCantalupo@
ChampionRealty.com
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Buying a Home
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Find a Home
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Working with an Agent
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First Time Home Buyers
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7 Steps to Buying a Home
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Finding the Right Home for You!
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How Much Can I Afford?
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Negotiating the Purchase
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Home Inspection and Insurance
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Title Services
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Home Buying Glossary
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Selling a Home
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Relocation Help
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Champion Realty Insurance
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Property Management
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Mortgage Team
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Home Warranty
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Home Buying Glossary


  • Adjustable Rate Mortgage – a loan that has a fluctuating interest rate that changes at pre-set intervals and is usually tied to a pre-determined index, such as the U.S. Treasury Bill auction rates. 
  • Assumption of a Mortgage – an agreement by the buyer to assume the payments under an existing note secured by a mortgage.
  • Conventional Loan – a loan made in which real estate serves as the security without any government agency either insuring (FHA) or guaranteeing (VA) the loan.
  • Credit Report – a report of the loan applicant’s credit history, which can sometimes show whether or not they have a history of making installment payments on time.
  • Discount Point – pre-paid interest charged by the lender at settlement to increase the borrower’s mortgage note rate. One discount point equals 1% of the loan amount.
  • Earnest Money Deposit – money paid by the buyer at the time he or she enters into a contract to indicate the ability and intent of carrying out the contract.
  • FHA Loan – A loan made by an approved lender and insured by the Federal Housing Administration in accordance with FHA regulations.
  • Fixed Rate Mortgage – a loan carrying a constant interest rate over the full life of the mortgage.
  • Loan Origination Fee – a charge incurred by the buyer to cover the lender’s administrative costs in making the loan. The loan origination fee is typically 1% of the loan amount.
  • Marketable Title – a title that is held by no one other than the person selling it (meaning there are no debts or claims—called liens—that give someone else a share of the property).
  • Personal Property – things which are movable and not annexed to or part of the land.
  • Real Property – the land, man-made structures, and all interest, benefits and rights included in its ownership.
  • Title Insurance – an insurance policy paid at settlement that protects the named insured against loss or damage due to defects in the property.
  • Title Search – a review of all recorded documents affecting a specific piece of real property to determine the marketability of title.
  • VA Loan – a mortgage loan made on approved property to a qualified veteran by an authorized lender and guaranteed by the Department of Veterans Affairs.