Depreciable Life

Significant elevation of land. Narrow upward strip. Connection of edges between different sloping surfaces. ...

Stature regulating the use of credit information. Allows consumers such as prospective homeowners access to their credit files. It requires a lender to explain how loan interest is ...

The amount of inherent risk for a mortgage in granting a mortgage. An operating principle in mortgage risk rating is that the mortgage cannot exceed 2.5 times the mortgagor's annual income, ...

Transfer of the title of land, real estate, or personal property from one person or entity to another. This transfer is typically made via a trust deed, mortgage, sales contract or similar ...

Room containing a toilet and wash basin, but does not include a shower or bath tub. ...

Interest a person pays before it is actually incurred. An example is a one year's interest that a borrower agrees to pay in advance to a bank on a mortgage. This rarely occurs. ...

Also called a will. Describes the disposition of property. ...

Half oval window. It is usually small and placed over a doorway serving a decorative purpose. In some case, the window may be mounted with a hinge at either end to a permit opening for ...

The terminology used to identify real estate professionals differs a little from state to state. Brokers are usually required to have more education and experience than real estate agents ...

To begin, you\'ll need to figure out what your gross income is (before taxes) monthly and yearly. To get a quick ballpark figure, take the yearly income of yourself - and your co-purchaser ...

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

Homeowners insurance is an insurance policy that combines personal liability insurance and hazard insurance coverage for a residence and its contents. ...

When a property depreciates it declines in the value of the property due to poor location, dilapidation, or other factors. ...

Zoning is the laws that establish how a property can be used and what codes must be followed when erecting new buildings. ...

Equity is the financial interest or cash value of your home, minus the current loan balance(s). If selling the home, this would also be minus any costs incurred in selling the home. If ...

A person authorized to work on anothers behalf-for instance, a person authorized to sell or buy a house on your behalf. ...