Total Housing Expense | Mortgage Glossary

Definition of "Total Housing Expense"

Housing expense plus current debt service payments.

The portion of the monthly payment that is used to reduce the loan balance. ...

Analytical procedure to predict the failure rate of a system still in the design stage. ...

Oral or written contract that is not enforceable by the judicial system. Examples are contracts with ...

Court appointed male who manages an intestate's property including all assets and liabilities. ...

Transfer of both real and personal property. An example is the sale of a home with personal belon ...

Inland marine policy that protects an insured against loss for property that is shipped. One policy ...

Hazard insurance is insurance coverage that compensates for physical damage to a property from natur ...

Closing costs are expenses incurred by buyers and sellers in transferring ownership of a property. ...

Every person has a different idea of what financial security means. If so, should happen to you, how ...

Homeowners association is a nonprofit association that manages the common areas of a condominium or ...

Over 90% of all presidential-declared disasters in the United States are flood related. Leveling for ...

A proprietary lease is lease used for co-ops that give the shareowners the right to live in a partic ...

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