Seller Concession
A contribution from the seller toward buyer closing costs
Full Definition
Why It Matters
Understanding seller concession helps you make informed decisions about your mortgage. This knowledge can save you money and help you avoid common pitfalls in the homebuying process.
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Frequently Asked Questions
Seller Concession refers to a contribution from the seller toward buyer closing costs. This is an important concept in mortgage lending that affects how your loan works.
Understanding seller concession can help you make better decisions about your mortgage. Contact NMHL for personalized guidance on how this applies to your situation.
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