Burnoff | Real Estate Glossary | Realestateagent.com

Definition of "Burn-off"

Reducing the prepaid items on a debt agreement.

Total operating expenses divided by effective gross income. ...

A lease contract extending ten years or more. ...

Early life insurance that provided benefits only to survivors who lived to the end of a certain peri ...

Fee charged by a mortgage lender to a buyer, seller or both for transferring a mortgage when the mor ...

revising the terms of a loan such as when the borrower is experiencing severe financial difficultie ...

Property owned and held jointly and equally shared by each spouse. It is purchased during their marr ...

A CD, or Certificate of Deposit, is an investment usually made for a given period of time at a fixed ...

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

Escrow is a trust account created by a neutral third party to hold money for the seller or buyer. Wh ...

Hazard insurance is insurance coverage that compensates for physical damage to a property from natur ...

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

Basic points relates to changes in the interest rate for your home. ...

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