- What are the closing costs?Closing costs are the fees and expenses paid during Closing. They are not included in the final purchase price of the pro ...
Amount by which the appraised value of property exceeds the debt balance. If property has a fair market value of $ 250,000 while the mortgage balance ...
The depreciation method where an equal amount of depreciation expense is allocated to each full period of the asset's useful life. The amount of depre ...
An agent hired by buyers to help them find and negotiate the purchase of a home. This agent works for the best interests of the buyers, not the seller ...
A proration is the division of certain fees. If the sellers have paid the taxes six months in advance, for example, they may want a portion of that pa ...
When making your monthly mortgage payment, try to send a little bit more. This will go directly to the principal of the loan rather than the interest ...
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