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.

Process of the borrower giving the lender security to obtain the loan. ...

Variable-rate bonds whose coupon and value increases as interest rates decrease. ...

Falsification of a material fact in such a manner that, had the insurance company known the truth, i ...

Transfer of real estate from one taxpayer to another that are exempt from federal income taxes. An e ...

Payment to the seller over the seller's life expectancy for the sale of the seller's assets. This pr ...

Charitable planning strategy under which a donor transfers title to his or her residence or farm to ...

An overall debt ratio is the percentage of your overall debt (housing payments plus any other long-t ...

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

If you own a pet, i\'m sure you\'ve been in a situation where the vet bills have been much higher th ...

Earnest money is a deposit you make when you make an offer on a house. ...

This calculator will amortize your mortgage over the loan period based on your input. To see a break ...

A mortgage is a legal document that pledges your property as security (like collateral) for a loan. ...

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