Building And Loan Associations


Definition of "Building and loan associations"

Scotty Smith
Scotty Smith First Weber Realtors

See savings and loan association.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Savings And Loan Association

Financial institution that channels the savings of its depositors mostly into mortgage and home improvement loans. It concentrates on originating , se ...

Contiguous

Properties that about and actually touch and share a common border. Properties B and C are contiguous. Property A is adjacent to properties B and C, ...

Compound Sum

Total amount due at maturity consisting of both principal and compound interest. ...

Unity

Legal dictate that must exist for property to be owned as joint tenants. ...

Market Approach

Method of valuing a property through examination and comparison of recent sales of comparable properties. ...

Unsecured Note

Credit note which a lender's only security is the borrower's personal financial situation and credit history. ...

Popular Real Estate FAQ

What Is A Gated Community?

A gated community is a community of homes where you must pass through a security gate in order to enter the community. ...

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 obligations. ...

What Is Hazard Insurance?

Hazard insurance is insurance coverage that compensates for physical damage to a property from natural disasters such as fire or other hazards. ...

What Is A Default?

A default is when a person fails to make payments on a loan. ...

What Is An Interest Rate?

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

Is Depreciation Common?

Generally, real property never depreciates in value, or more so, it is not very common for property to depreciate. This is why it\'s a great investme ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Luxury Real Estate Forecast Furnished Rental Tips for Real Estate Investors How to Buy a House Quickly What is a Credit Score and How Does it Impact Real Estate? The Ugly Truth About Open Houses

FAQ

What is joint tenancy? What happens when a property starts to depreciate? What do I need to know about Universal Life Insurance? What is a housing ratio? What are discount points?