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Popular Real Estate Questions

Popular Real Estate Glossary Terms

The highest rate possible under an ARM contract; same as 'lifetime cap.' It is often expressed as a specified number of percentage points above the initial interest rate. ...

Limited-time warranty against defects, offered by builders to new home purchasers. Normally effective for a relatively short period of time, such as one or two years. ...

Flat dollar amount added to arrive (premium rate per $1000 of face amount x face amount) at the premium. ...

Pitched roof that looks like a saw. ...

The definition of special acceptance explains how two insurance institutions work together for the benefit of the masses. In order to define what special acceptance means, we must ...