Habitable Room

Right to enter and start construction or furnishing property that is in the process of being purchased. ...

Gross income of a rental property minus allowance for vacancies and operating expenses, excluding depreciation and debt repayments. ...

“What is Situs?”, you ask.Situs is a word in Latin that basically means the site or location where something exists or originates. Like most words in latin, situs is usually ...

Distance from the location of natural ground and water to the actual ground level. ...

A building having one house hold on the first floor and a second household on the second floor. ...

An insurance policy that promises to pay all the legal obligations of the insured due to negligence in which damage to the property has been caused. ...

Something which occurs at a later date. It follows a prior occurrence. An example is that after a contract is signed new circumstances arise requiring a revision to the original terms. ...

Interest is due on a loan only if a particular circumstance occurs. ...

Hey, don’t feel ashamed for not knowing what is the difference between a real estate broker and a real estate agent. This is truly one of the most common real estate confusions out ...

A type of financing in which a developer or seller arranges for the buyer to get a loan at a rate below the current market rate. The developer or seller pays interest costs in order to ...

A qualifying ratio is the percentages a lender compares to see whether you qualify for a loan. ...

When a home is marked “as is”, it means the home seller will not take part on any renovations, will not fix any defects the home buyer might bump into. If the home buyer wants ...

You’ve been invited to a housewarming party (or just invited to meet a friend’s new house) and you don’t know what to bring… well, that's why our real estate ...

A maintenance fee is a charge by condominium associations, co-ops, or other homeowners associations for the upkeep of the property. ...

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 ...

Yes, you can! Now, it depends on what type of loan you are looking for. Is it a home loan? Or a payday loan? It is possible to borrow money even with a FICO score of 500 points. So, when ...