Buying Power
Definition of "Buying power"
(1) Financial ability and soundness of a business or individual to afford the purchase of property. (2) Worth of the dollar in real terms considering inflation.
Popular Real Estate Terms
A step's edge. ...
Depository institution, such as mutual savings banks. If organized as mutual associations, depositors are shareholders, They offer mortgages. ...
Also called biannual; twice a year. An example is when lease payments are due January 1 and July 1. ...
Item falling under Section 57 of the Internal Revenue Code that may result in the imposition of the alternative minimum tax (AMT). These items of otherwise exempt income or deductions or of ...
The American Society of Appraisers, also referred to as ASA, is the largest voluntary membership, a multi-discipline trade association that stands for and promotes its appraiser members. ...
A provision that allows a mortgage recorded at a later date to take preference over an existing mortgage. ...
The meaning of a guarantee covers a legal and financially-binding agreement signed between three parties involved in real estate or financial transactions. In this document, typically ...
One to whom a gift or bequest is made. ...
Taking back property when the borrower defaults on the loan. ...
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