What Is A Home Warranty


Answer for "What is a home warranty?"

Magnolia Chavez
  Triad Lifestyle

A home warranty is a guarantee for certain features of a new home-for instance, the materials and workmanship, the main components of the house, and so on.


Search Real Estate FAQ

 

Related Real Estate FAQ

What Is A Lifetime Rate Cap?

A lifetime rate cap is an adjustable-rate mortgage (ARM), this cap limits the amount the interest ra ...

What Is A Down Payment?

A down payment is the money you pay up front for the purchase of a home. ...

What Is A Default?

A default is when a person fails to make payments on a loan. ...

What Is Comprehensive Homeowners Insurance?

Comprehensive is the most expensive type of homeowners insurance; it covers the most potential damag ...

What Is A Gated Community?

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

What Is A Lease Purchase Mortgage?

A lease purchase mortgage is a financing option that allows potential homebuyers to lease a property ...

Related Real Estate Glossary Terms

Marital Deduction

Provision in the Federal Tax Code for favorable treatment of an estate. Under the unlimited marital ...

Average Weekly Wage

Rate used as the basis for calculating benefits under workers compensation insurance. ...

Civil Action

Remedy imposed by a court of law, usually in the form of a monetary award, as compensation to the in ...

Component

Part of something such as the units making up a heating or air conditioning system in a building. ...

Volatile Market

Real estate market characterized by sudden and unpredictable short-term price movements. ...

Gift Tax Exclusion

Amount, not in excess of $10,000 per year, given to each of an unlimited number of donees free of fe ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Why Use a Real Estate Agent? Rent or Buy - the pros and cons Is it better to buy or sell a home first Build or Buy? That’s the Big Question 10 Tips for Homebuyers

FAQ

What is a debt-to-income ratio? What do I need to know about Term Life Insurance? What are closing costs? How Much Income Do I Need ? What is an adjustable-rate mortgage (ARM)?