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Popular Real Estate Glossary Terms
The term pro rata cancellation comes from the Latin term pro rata, which means in proportion or according to a certain rate. The term pro rata cancellation is used in the insurance business ...
fee for the cost of a loan including interest and points. Points (1 point= 1% of the total loan) are advance charges for a mortgage, whereas interest in charge over the life of the ...
Real estate market where supply significantly exceeds demand enabling potential buyers to obtain lower prices and good deals. ...
Credit note which a lender's only security is the borrower's personal financial situation and credit history. ...
The legal right of a widow to a portion of her deceased husbands real property. ...