Debt Limit | Real Estate Glossary

Definition of "Debt limit"

Tony Pykiet

Coldwell Banker Gundaker

Maximum amount of debt an individual or business can borrow in order to buy real estate.

Way to obtain a faster decision in a legal case than going to a trial. Procedural rules are followe ...

Insurance company that is licensed by a state to market and service particular lines of insurance in ...

A leasehold estate that can be determined by the lesser or lessee at any time. ...

An accounting methodology for separately depreciating individual parts or elements of a building or ...

Insurance coverage to pay the balance of the mortgage if the wage earner dies. ...

Life insurance on the life of a child that provides a death benefit to a beneficiary should the chil ...

An appraisal is an estimate of the value of a certain property by a qualified, independent individua ...

A Good Faith Estimate is when a lender must give a prospective homebuyer a written estimate of closi ...

A REALTOR® is an agent or agency that belongs to the local or state board of REALTORS® and is affi ...

A title search is the process of reviewing court records and other records to ensure that there are ...

General Liability Coverage includes: Bodily Injury Liability Coverage: Help protect you in case ...

An APR stands for an ANNUAL PERCENTAGE RATE. This rate includes the costs of any points paid, mortga ...

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