Flexible Rate Mortgage (FRM)

Material used for covering the surfaces of walls or ceilings. Plaster used to be made from plaster of paris, but is now primarily made from cement mixed with sand and water. After plaster ...

A lease contract providing for a final additional payment on the return of the property to the lessor, adjusted for any value change. ...

English-style architecture named after King Gorge I-III and extremely popular in Great Britain and North America during the 18th century. In this style house has two to three stories and is ...

Second home. The interest and real estate taxes on the second home are tax deductible on the family's 1040 tax return. ...

Any property that is part of an estate and is real or personal, material or intangible, having actual worth or is worthless and can be directly willed to an heir. ...

Risk resulting from possible increases or decreases in price levels that can substantially impact real estate values. ...

Involves monthly payments for property taxes and insurance, besides principal and interest. The tax and insurance payments are put into an impound account. For a residential mortgage this ...

Short-term leases are leases that run its completion in a faster time than regular ones.In real estate, short term-leases usually refer to temporary housing; that is: rent.The length of a ...

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 ...

Are you wondering what is the difference between being prequalified and preapproved for a loan? Do you always get confused because they seem pretty much the same thing, right? But there is ...

Wondering what is the cash offer definition? Well, the cash offer definition is pretty much what it says, an offer made in cash. But aren’t all offers cash? No one buys a house ...

When you are prequalified, the lender gives you an estimate but does not formally commit to giving you a loan. ...

An overall debt ratio is the percentage of your overall debt (housing payments plus any other long-term debt) to your monthly gross income. Lenders use this ratio-sometimes called the ...

A borrowers other debts, such as auto loans and credit cards, figured into the debt-to-income ratio. ...

Developed by a successful management consultant in the ‘60s named Albert S. Humphery, the SWOT analysis is still in use today at management level. It starts with a goal in mind, a ...

Wondering how to calculate the fair market value of a property? It helps if you understand that it’s all about an estimate; you’ll hardly bull’s-eye-it. Fair market ...