Balloon Payment

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. ...

About 23 miles from the Virginia border, in the northeast corner of North Carolina lies the beautiful city of Durham. The foothill region lying between the mountains holds a population of ...

The spirit of friendship and hospitality are some of the aspects that characterize the residents of Fort Mill, South Carolina. This small town holds a population of about 17,000 people that ...

Jobs in the Champion city are not scarce. The vast majority of the population, though, are white-collar workers, either working in IT or managing their own business. But Clermont has its ...

What is the cost of living in Frisco, TX The city of Frisco overlaps in Collin and Denton counties in Texas. It's part of the Dallas-Fort Worth metroplex, which is a quick 30-minute drive ...

When you strip away all of the different competing outlooks and worldviews held by the various demographics across the country, one thing remains consistent: America runs on money. This ...

The cost of homeownership in the US is often the main concern of first time home buyers. Is it better to own a property or to rent? Is it better to postpone the purchase of a home or the ...

Living in a suburban area of a big city can be quite beneficial for many people. You don’t have to deal with the crowds and the noises of the city, and you can find some lovely ...

Not only can homeowners associations impose pet restrictions but almost 100% of them do. Here’s the thing: the job of a homeowners associations or HOA is to look at the big ...