Cash Basis

An additional fee imposed by lenders on home mortgages payable in cash at the time of the closing. ...

Payments made to enhance the appearance and conditions of real estate property. In so doing, the market value of the property should increase. Examples of renovation costs are siding, ...

Rate of return after income taxes that a real estate investor can keep out of current income and capital gains or losses on the property. ...

Any geographic taxing division where the legally chosen representatives are charged with the responsibility of assessing taxable property and collecting tax revenue. ...

The amount of a periodic payment, whether monthly, quarterly, or annually, including interest and principal, required for a mortgage payment. ...

Mortgage placed on a property after a previous mortgage. It can be a second, third, etc. mortgage. A junior mortgage is subordinate to the terms of a previous mortgage. Junior mortgages ...

To reduce the priority of payment of a debt or lien. For example, in order to enable a tract of land to be developed, the first mortgagee agrees to subordinate his or her loan to a new ...

Decline in value of real estate property because it is near something which is damaging to its worth. For example, a house located next to a pollution treatment center, drug center, or ...

A negative amortization is a type of loan situation that occurs when the monthly payments do not cover the principal or interest. Instead of declining, the balance of the loan actually ...

A rate lock is a commitment issued by a lender to a homebuyer or to the mortgage broker guaranteeing a specific interest rate for a specified amount of time. ...

Gulf Shores is a coastal city located to the southernmost side of Alabama on the shores of the Gulf of Mexico. This beautiful coastal destination has a population of about 12,000 people and ...

If you’re a real estate agent and you’re planning on moving to Houston Texas, you’ve probably got one singular question on your mind: how much do real estate agents make ...

Equity is the financial interest or cash value of your home, minus the current loan balance(s). If selling the home, this would also be minus any costs incurred in selling the home. If ...

Bentonville is situated in the center of one of the fastest growing areas in the United States. Driven by the presence of some of the largest retail companies in the US, business is booming ...

A previously simple little farming city, 28.2 miles north of Dallas, Frisco, TX is no longer simple, particularly little or much about farming anymore. In the last three decades, the city ...

Yes, you can use two realtors® to sell your house. Actually, more than two. You can use how many you’d like. It’s what is called an Open Listing. In it, the home seller ...