Assumption Clause

An additional fee imposed by lenders on home mortgages payable in cash at the time of the closing. ...

Payments made to enhance the appearance and conditions of real estate property. In so doing, the market value of the property should increase. Examples of renovation costs are siding, ...

Rate of return after income taxes that a real estate investor can keep out of current income and capital gains or losses on the property. ...

Any geographic taxing division where the legally chosen representatives are charged with the responsibility of assessing taxable property and collecting tax revenue. ...

The amount of a periodic payment, whether monthly, quarterly, or annually, including interest and principal, required for a mortgage payment. ...

Mortgage placed on a property after a previous mortgage. It can be a second, third, etc. mortgage. A junior mortgage is subordinate to the terms of a previous mortgage. Junior mortgages ...

To reduce the priority of payment of a debt or lien. For example, in order to enable a tract of land to be developed, the first mortgagee agrees to subordinate his or her loan to a new ...

Decline in value of real estate property because it is near something which is damaging to its worth. For example, a house located next to a pollution treatment center, drug center, or ...

Are you wondering how to speed things up with your mortgage payment? Thinking how to build equity to your home”? Well, by paying off your mortgage. The more you do, the more ...

Of all the things you’ll probably wonder about when moving to a new city, the one at the top of the list will likely be its safety. Whether you have a family or not, keeping yourself ...

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

“What states allow tiny houses?” – that’s a very simple question that yields a very complicated answer.And that’s because: Building codes vary not only from ...

A borrowers other debts, such as auto loans and credit cards, figured into the debt-to-income ratio. ...

Basement remodels add more beautiful living space and are usually treated like new construction. This means that it increases your home’s assessed value and therefore an increase in ...

The city of Foley, AL is a town in south Alabama, the last stop before the shore of the Gulf of Mexico and a destination for students during spring break as well as families and retirees. ...

When you are prequalified, the lender gives you an estimate but does not formally commit to giving you a loan. ...