Description

An additional fee imposed by lenders on home mortgages payable in cash at the time of the closing. ...

Payments made to enhance the appearance and conditions of real estate property. In so doing, the market value of the property should increase. Examples of renovation costs are siding, ...

Rate of return after income taxes that a real estate investor can keep out of current income and capital gains or losses on the property. ...

Any geographic taxing division where the legally chosen representatives are charged with the responsibility of assessing taxable property and collecting tax revenue. ...

The amount of a periodic payment, whether monthly, quarterly, or annually, including interest and principal, required for a mortgage payment. ...

Mortgage placed on a property after a previous mortgage. It can be a second, third, etc. mortgage. A junior mortgage is subordinate to the terms of a previous mortgage. Junior mortgages ...

To reduce the priority of payment of a debt or lien. For example, in order to enable a tract of land to be developed, the first mortgagee agrees to subordinate his or her loan to a new ...

Decline in value of real estate property because it is near something which is damaging to its worth. For example, a house located next to a pollution treatment center, drug center, or ...

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You know what is the truest answer to “who can put a lien on your house”? Yourself. We’re not trying to be smart here; it’s the truth. Failing to pay up a ...

If you have a family, or a job that just doesn’t pay that well, chances are your first concern when moving to a new city is its cost of living. You’ll probably research the ...

Of all the things that can make or break a city in terms of its livability, the single thing that takes the first spot is the cost of living. Gas prices, rent prices, utility costs, and ...

The city of Fairfax comprises the county seat of Fairfax County and it is situated in Northern Virginia. Although the city of Fairfax is located within the borders of Fairfax county, ...

A very common real estate question is:Do Tiny Houses depreciate?Short answer is: yes, tiny houses do depreciate. But let’s explain the “why”s so we get to the bottom of ...

An escrow officer - also known as a loan officer - is the person that walks you through the closing process. They are usually employed by the title company that you are working with. They ...

Everyone in your family thinks they know how to take pictures to sell your house, right? They say you shouldn’t spend money hiring a professional photographer since you are already ...