Expansible House


Definition of "Expansible house"

House design to be easily expandable.

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Certificate Of Reasonable Value (CRV)

Certificate showing the appraised value of the property and maximum VA guaranteed loan a veteran under GI guaranteed mortgage loan may obtain from a p ...

Codicil

A written supplement or amendment to an existing will such as one affecting the transfer of real estate upon death. ...

Agency

Relationship between two people or entities in which one is a principal and the other is an agent representing the principal in activities with other ...

Corporation Sole

Corporation having only one person, A corporation sole is primarily used for the purposes of a nonprofit ecclesiastic church related organization. Ina ...

Truth-in-Lending Act (TILA)

Also called Consumer Credit Protection Act of 1969 or Regulation Z. A federal statute protecting buyers. The key provision is that both the dollar amo ...

Equity In Property

Amount by which the appraised value of property exceeds the debt balance. If property has a fair market value of $ 250,000 while the mortgage balance ...

Popular Real Estate FAQ

What Is A VA Loan?

A VA loan is a type of loan available to veterans and guaranteed by the Department of Veterans\' Affairs. ...

What Is An Appreciation?

Changes in the market conditions, or improvements to the property that increase the value of the property. ...

What Is A Housing Ratio?

A housing ratio is the percentage of your housing payment (principal, interest, taxes, and insurance) to your monthly gross income. Lenders use this r ...

What Is A Commitment Letter?

A commitment letter is a formal offer of a loan by a lender. The letter states the terms under which the lender has agreed to the loan. ...

What Is The Difference Between A Real Estate Broker And A Real Estate Agent?

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

What Is A Title?

A title is the right of property ownership. ...

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