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About Leisa Ormsbee
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2000 South IH 35 Ste E-1 , Round Rock - TX 78681
Real Estate Glossary Terms
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Exclusionary Zoning
Property zoning having the net effect, intended or not, of excluding the poor and minority groups from living in a particular area. Building lot size is the most frequently used exclusionary zonong method. Large property size requirements increase the cost of housing, and can serve to discriminate a ...
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Functional Depreciation
A reduction in structural value from all reasons except physical failure. For example, a commercial building having an outdated elevator or electrical wiring system is experiencing functional depreciation. ...
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Truth In Lending (TIL)
The federal law that specifies the information that must be provided to borrowers on different types of loans. Also, the form used to disclose this information. Truth in Lending (TIL) is a great idea, in principle. The idea is to require lenders to provide one uniform set of price disclosures th ...
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Drug Formularies
Recommendation of medications that should be prescribed for certain ailments. They can be classified as follows: open or voluntary recommends a list of drugs to physicians that is supposed to be the most cost-effective for a certain ailment; closed dictates which drugs will be covered by a benefit p ...
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Guarantor
Term in surety coverage. Through the issue of a surety bond, a surety company is in effect the guarantor. ...
Real Estate Advice
Agent Advice
5 Real Estate Marketing Ideas For 2020
The new year is finally here, and with it, a bevvy of new opportunities to explore in the real estate business. The world of real estate is constantly changing and evolving, and a good realtor needs to constantly keep themselves updated on new marketing strategies for real estate agents. With that in mind, we’ve put together this list of ...
Homebuyer Tips
Pros And Cons Of Living In Boca Raton
There is a lot to be said for living in Boca Raton FL. Beautiful weather, beautiful beaches and beautiful houses are just a few of the many, many pros of living in this gorgeous city. But, just like any other city, there are a fair few downsides to living here. Housing prices are astronomical, and property crime rate is even higher than the national average. ...
Homebuyer Tips
Home Loans With 0 Down Payment
Mary V. has always adored the fairytales her mother used to read before going to bed. Since then, she had been dreaming of her own place to call home, which gradually became smaller and smaller. She left behind the gold-plated palaces and castles of her childhood memories, and now, in her early 20s, she would be more than happy to live in a small cozy one-story house ...
Homebuyer Tips
How Can You Improve Your Credit Score?
The almighty Credit Score: The banking industry revolves around it. Landlords demand it. And everybody is concerned about their three digits that reveal how well they are doing financially. The FICO® Score and the VantageScore are two systems that measure your creditworthiness. Both can be between 300 and 850. Of course, the higher, the better. Understanding credit ...
Homebuyer Tips
What does any real estate agent listed on RealEstateAgent.com appreciate more at homebuyers? Their flexibility and their openness when it comes to exploring the many different types of loans that are available for them. In this article, we will explain how USDA loans work. In fact, Section 502 Single-Family Rural Housing Loans can have two forms. The first one is the ...
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