When a borrower receives something in exchange for something of value and promises to pay that lender at a certain date. A bank will lend you money so you can purchase a house, but you must pay them back.
About the Author: Craig MacDonald, CEO - RealAgents.com
Craig prides himself in living a life of integrity and connecting buyers and sellers to other like minded REALTORS®. He has over 15 years of experience in property assessment, sales (actively works as a REALTOR® with Mac Homes Inc.), business development, process improvement, marketing and home flipping. He holds a Bachelor’s Degree in Biblical Studies & Psychology, and has certificates in Leadership, Residential Valuation and Lean Six Sigma. More posts by Craig MacDonald, CEO - RealAgents.com
Bottom line, REALTORS® are a dime a dozen, but the right REALTOR® is priceless.