SMCU OnLine Login
User ID


Password

Enroll in SMCU OnLine
Forgot Password
Contact a Mortgage Specialist
Our friendly Real Estate Specialists are waiting to help you. Contact them now.
(650) 363-1799
Mon-Thurs 8am - 5pm
Fri 9am - 6pm
Mortgage Terms - E

Earnest Money
Cash to be paid by the buyer at closing.
Easement
A right created by grant, reservation, agreement, prescription, or necessary implication, which one has in the land of another.
Eminent Domain
A government right to acquire private property for public use by condemnation, and the payment of just compensation.
Encroachment
Construction onto the property of another, wall, fence, etc.
Encumbrance
Unauthorized intrusion of a building or improvement onto another's land. A claim, line charge, attached to and binding real property.
Equity
The difference between the market value of the property and the homeowners mortgage debt.
Escrow
It can be the delivery of a deed by a grantor to a third party for delivery to the grantee upon the occurrence of a contingent event. Escrows include funds given to a third party to be held until a specific occurrence; may refer to earnest money deposit; can also include a lender collecting and paying the taxes and insurance on behalf of the borrower.
Escrow Payment
That portion of a mortgagor's monthly payment held in trust by the lender to pay for taxes mortgage insurance, hazard insurance, lease payments, and other items as they become due, also known as "impounds" in some states.
Escrow Reimbursement
An assumption or wrap loan transaction, the buyer reimburses the seller for the current balance of his escrow (or impounded) funds.
Estimated Closing Cost Statement
The statement which lists the financial settlement between buyer and seller, and also the cost each must pay. A separate statement for buyer and seller is sometimes prepared.
Exclusive Agency
Listing agreement in which only the listing office can sell the property and keep the commission. If the owner sells the house, the listing office would not receive any commission.
Exclusive Right-to-Sell
Listing agreement under which the owner promises to pay a commission if the property is sold during the listing period by anyone, even the owner.
5