Biannual | Real Estate Glossary | Realestateagent.com

Definition of "Biannual"

Dorothy Pataky

Re/Max Horizon

Occurring two times per year; also called semiannual. On the other hand, biennial means occurring each two years.

Same as term housing expense. The sum of the monthly mortgage payment, hazard insurance, property ...

Circumstance in which no agent is servicing a debit. ...

Method of describing a real estate property offering by a developer in lieu of a prospectus. ...

Process of combining two or more parcels of real estate into one. ...

Lien which is over and above a first lien. A second lien is subordinate to the first lien and can b ...

Exposures usually excluded from life and health insurance, or subject to a maximum limit if covered. ...

An inspection is a close and thorough examination of a house and property. A licensed individual usu ...

A commitment letter is a formal offer of a loan by a lender. The letter states the terms under which ...

A sales contract is the contract you draw up when you want to make an offer on a home. ...

An interest rate is the percentage the lender charges you for borrowing money. ...

It is where you live and where your possessions are. Chances are, it\'s your asset. But more than po ...

A penalty fee charged for paying off a mortgage early, thus allowing banks to still make money off o ...

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