Contemporary

Agreement in which the promises of the parties are revealed in words, either orally or in writing. ...

Restriction on conveying property that limits its transferability. The restrictions may be illegal. ...

Mortgage in which the interest rate charged by the lender can vary according to some reference index not controlled by the lender, such as the interest rate on 1-year U.S. T-bills or the ...

Provision permitting a lender to charge the borrower a penalty for repaying a loan before its due date. ...

Approach to determining a capitalization rate for use in valuating property so as to arrive at a suitable purchase price. To the risk free interest rate is added a risk premium to cover the ...

Existing state of affairs with respect to the real estate market and conditions. ...

A capitalization method which divides a properties first year net operating income by an estimated general capitalization rate to develop a total property estimate. ...

Accounting method in which revenue is recognized as earned and expenses are recognized as incurred regardless of when cash is received or paid. ...

On most transactions, there is usually a listing agent and a selling agent. The selling agent is sometimes referred to as the buyer\'s agent, because he works on the buyer\'s behalf and it ...

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 ...

If you plan to stay forever in a certain place, buying is better than renting. Banks and mortgage brokers offer such a huge variety of loans that it is almost impossible not to find ...

Conceived in 1944, the VA loan program is one of the oldest facilities offered to veterans and service members. This type of loan is guaranteed by the United States Department of Veterans ...

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

Every client is important no matter how big or small is a business. But selling real estate is somewhat different than selling doughnuts or hot dogs. Houses are most likely the most ...

Wondering how do real estate agents get paid? We’ve got to be honest here: some time ago that would be classified as a dumb question because it was kind of obvious. However, faster ...

A type of financing in which a developer or seller arranges for the buyer to get a loan at a rate below the current market rate. The developer or seller pays interest costs in order to ...