Market Niche


Definition of "Market Niche"

A particular combination of loan, borrower, property, and transaction characteristics that lenders use in setting prices and underwriting requirements.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Up Front Mortgage Lender

A lender offering loans on the Internet who provides mortgage shoppers with the information they need to make an informed decision before applying ...

Mortgage Shopping

Trying to find the best deal on a mortgage. It isn't easy to do right, as a summary of the major steps involved will demonstrate. Step 1: Decide if ...

Mortgage Broker

An independent contractor who offers the loan products of multiple lenders, called wholesalers. Mortgage brokers do not lend. They counsel borrowers ...

Pipeline Risk

The lender's risk that, between the time a lock commitment is given to the borrower and the time the loan is closed, interest rates will rise and th ...

Monthly Housing Expense

Same as term housing expense. The sum of the monthly mortgage payment, hazard insurance, property taxes, and homeowner association fees. Housing exp ...

FHA Mortgage

A mortgage on which the lender is insured against loss by the Federal Housing Administration, with the borrower paying the mortgage insurance premium. ...

Popular Real Estate FAQ

What Are The Benefits Of Liability Insurance?

General Liability Coverage includes: Bodily Injury Liability Coverage: Help protect you in case injuries occur to other people resulting from your ...

What Is A Mortgagor?

A mortgagor is the borrower. ...

What Is An Appreciation?

Changes in the market conditions, or improvements to the property that increase the value of the property. ...

What Is Zoning?

Zoning is the laws that establish how a property can be used and what codes must be followed when erecting new buildings. ...

What Is A Qualifying Ratio?

A qualifying ratio is the percentages a lender compares to see whether you qualify for a loan. ...

How Can I Figure Out My Debt-to-income Ratio?

To figure out where you stand on the debt-to-income ratio, you must first understand the meaning of the figure. Most lenders use the ratio 28/36. The ...

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

Down Payment: Everything You Wanted to Know Luxury Real Estate Forecast Furnished Rental Tips for Real Estate Investors How to Buy a House Quickly What is a Credit Score and How Does it Impact Real Estate?

FAQ

What is a buydown? What is an assessed value? What if they no longer make my specific computer? What is a loan-to-value (LTD) ratio? What is a front-end ratio?