How Much Life Insurance Do I Need?

When you are prequalified, the lender gives you an estimate but does not formally commit to giving you a loan. ...

A negative amortization is a type of loan situation that occurs when the monthly payments do not cover the principal or interest. Instead of declining, the balance of the loan actually ...

Equity is the financial interest or cash value of your home, minus the current loan balance(s). If selling the home, this would also be minus any costs incurred in selling the home. If ...

An overall debt ratio is the percentage of your overall debt (housing payments plus any other long-term debt) to your monthly gross income. Lenders use this ratio-sometimes called the ...

An opinion of a properties fair market value, based on an appraisers inspection and analysis of the property. ...

Is a beach house a good investment?, you ask us. No. A beach house is a GREAT investment. And there are a number of reasons for that. On the finance side, beach houses are a great ...

A gated community is a community of homes where you must pass through a security gate in order to enter the community. ...

A sales contract is the contract you draw up when you want to make an offer on a home. ...

Ruling that is the most significant source for the valuation of closely held corporation capital stock critical to the close corporation plan. This ruling defines the fair market value as ...

Same as term Assignment Clause: feature in a life insurance policy allowing a policyowner to freely assign (give, sell) a policy to another or institution. For example, in order to secure a ...

Agreement between two or more individuals to commit fraud. For example, an insured hires someone to burn down this house in order to collect the insurance proceeds. ...

Same as term Captive Agent: representative of a single insurer or fleet of insurers who is obliged to submit business only to that company, or at the very minimum, give that company first ...

Part of a business liability policy that covers an insured for bodily injury or property damage liability to members of the public while they are on his premises. This coverage is available ...

Endorsement to a property liability policy whereby an insurer gives up the right to take action against a third party for a loss suffered by an insured. Typically, under terms of the ...

Provision in almost all excess of loss reinsurance contracts under which payment is made by a re insurer of each and every loss incurred by the cedent in excess of a specified sum, up to a ...

Insurance company that puts together a consortium of insurance and reinsurance companies to provide an adequate financial base with sufficient underwriting capacity to insure large risks. ...