Counseling

Molding forming the top part of a door or window. Any wood or plaster molding on an inside wall just below the ceiling. It is ornamental in purpose giving the wall a finished ...

Losses incurred by a landlord because apartments or office are unoccupied and/or tenants fail to pay the rent due. ...

Evaluation of the reasons for the difference between the expected selling price of property and its appraisal value. Perhaps the discrepancy is due to a poor appraisal, emergency nature of ...

Appraisal approach where property values are estimated by comparing current comparable sales. See also market approach. ...

Being behind in a payment on a tax or debt when due (on the due date of payment or before the grace period). ...

Provision in a mortgage permitting the owner of property to transfer the mortgage to a buyer. ...

Degree of completion or accomplishment such as a home that is 70% completed. Condition of real property. Position of an item. Legal standing such as of a case. ...

(1) Type of loan where the final payment is substantially greater than the previous payments; also termed partially amortized loan. A debt agreement might stipulate a balloon payment when ...

A limit on an adjustable-rate mortgage. ...

A lock in guarantees a certain interest rate for a certain period of time. ...

A condominium is a form of home ownership in which the owner owns the airspace within the walls but doesn't own the actual walls, ceilings, or floors of the home. ...

This question might have crossed your mind while planning for retirement, or... after inheriting your aunt’s under-the-mattress savings. You spread your wings ready to fly to the ...

To figure out where you stand on the debt-to-income ratio, you must first understand the meaning of the figure. Most lenders use the ratio 28/36. The first number, which is also referred ...

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. ...

A gift letter is when an individual gives you money for a down payment as a gift, that person must write you a gift letter so that it can be included in your loan documentation. ...

A penalty fee charged for paying off a mortgage early, thus allowing banks to still make money off of the loan in the event that you inherit a small fortune. Most loans these days do not ...