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An Act, passed by congress in order to prevent the practice of redlining and disinvestments in central city areas. Redlining is a practice in which lenders refuse to make loans in certain ...

Commitment by a lender to a borrower for a given amount of money at specified terms for the financing of a project. The borrower pays a fee for the privilege of either executing the loan or ...

Recognizes profit on a long-term construction contract as it is earned gradually during the construction period. This approach is preferred over the completed contract method because it ...

Drain facility usually underground for waste and water disposal consisting on connected pipes. ...

Bond collaterized by real assets. Two kinds of mortgage bond are senior mortgages and junior mortgages. A mortgage bond may have a closed-end provision that prevents the firm from issuing ...

Designation given to members of the American Society of Real Estate Counselors (ASREC). A prerequisite for membership is professional experience and ethical conduct. ...

Lease payments based on factors other than the passage of time. ...

Warranties issued by contractors, sellers, and real estate agencies that protect home buyers from specified defects in a house as per the contract. ...

Succeeding as a real estate agent is not an easy task and you might get lost along the way if you don’t continuously strive to become better. If you just started pursuing a real ...

As it is positioned on the coast of the Atlantic Ocean and has extensive waterfront access, the city of Boca Raton, Florida is well known as a fantastic destination for those that want to ...

Located in the southwest region of Florida, the city of Fort Myers represents one of the main tourist attractions in the state. The city holds about 75,000 people with a median age of ...

What is a good credit score ? In 2020, our credit score is an essential and integral part of our financial lives. Replacing outmoded concepts like a good reputation and an unbroken word of ...

A front-end ratio is a ratio of the borrowers monthly housing expenses-including principal, interest, property taxes, and insurance (OITI)-compared to the borrowers gross, pretax monthly ...

The capital of Maryland, Annapolis is one of Maryland’s most beautiful and scenic cities in the country. The city of Annapolis, MD has a population of about 40,000 people with a ...

Developed by a successful management consultant in the ‘60s named Albert S. Humphery, the SWOT analysis is still in use today at management level. It starts with a goal in mind, a ...

Located in Chesterfield County, Chesterfield, VA, with the full name Chesterfield Court House, Virginia is a great place for families both for its safety and for the active lifestyle that ...