Advance


Definition of "Advance"

An increase in the price or market value of real estate.



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Related Real Estate Glossary terms

Federal Housing Administration (fha)

Agency of the United States Government that insures primarily residential mortgage loans against def ...

Certified Residential Specialist (CRS)

Certification granted by the Realtors National Marketing Institute upon successful completion of an ...

Growing Equity Mortgage (GEM)

A mortgage on which the interest rate is constant, but the payments are structured to increase, so t ...

Ingress

Entrance or path to a land parcel. Passageway existing from property. An egress may lead to a roadw ...

Primary Beneficiary

The person to receive the benefits of a trust when distribution occurs. Secondary beneficiaries m ...

Woodland

Farm land. Land that has trees on it. ...

Related Real Estate FAQ

What Is A Proprietary Lease?

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

What Is An Appraised Value?

An opinion of a properties fair market value, based on an appraisers inspection and analysis of the ...

What Is A Debt-to-income Ratio?

A debt-to-income ratio is the percentage of a persons monthly earnings used to pay off all debt obli ...

Do I Need Life Insurance?

Whether you are a .boomer. an .X-er. or an .empty Nester. it is never to or too late . to think abou ...

What Does Preapproved Mean?

When you are preapproved, you have a definite commitment from a lender ...

What Is A Term?

A term is the length of a loan. ...

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