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Popular Real Estate Questions

Popular Real Estate Glossary Terms

Type of guaranteed investment contract in which funds for the contract are placed in the insurance company's separate account. ...

Amount the interest rate of a variable rate mortgage can be raised or lowered in any consecutive 12-month period. ...

Absence of people for at least 60 consecutive days from a given property. Many property insurance policies suspend coverage after a structure has been unoccupied for 60 consecutive days ...

Interest computations based only on the original principal. For example, the simple interest on a $100,000, 8% loan is $8,000. It is compared with compound interest which is applied to the ...

Failure of an insurance company to offer similar insurance coverages at comparable premium rates to all individuals or groups with the same underwriting characteristics. Such discriminatory ...