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Popular Real Estate Glossary Terms
The amount the borrower is obliged to pay each period, including interest, principal, and mortgage insurance, under the terms of the mortgage contract. Paying less than the scheduled ...
Typically, boot refers to a specific amount of money or other assets that an individual or company adds to an exchange of goods. The purpose behind this is to equal the value of the traded ...
Bond given by a building contractor to a public authority and guaranteed by a third party, usually a bonding company, that a contracted construction project will be completed within the ...
Measurement of how people feel about prevailing economic conditions, employment outlook, and personal finances. This index is based on statistics gathered from questionnaires mailed by the ...
How much the rental property is worth. The valuation considers the net income derived from the property and a capitalization rate. ...