Holding Period

An income feature added to a mortgage whereby the mortgagee earns income in addition to the mortgage interest and principal payments. Also called an equity kicker, a kicker allows the ...

Ambiguous contractual language that may result in an unsuspecting buyer of a real property incurring obligations or risks not clearly evident. ...

Right of property owner to have his or her property used in satisfying a loan. Written contract of court judgment placing a lien on a parcel of property as collateral for a loan. An ...

Summary of a judicial decision in a legal case. ...

Loan such as a mortgage that the borrower has consistently made payments on when due over many years. The borrower has proven his creditor worthiness. ...

Occurring two times per year; also called semiannual. On the other hand, biennial means occurring each two years. ...

Used to support two properties; it is attached to both. ...

Agreement in which the promises of the parties are revealed in words, either orally or in writing. ...

Annapolis, MD is a beautiful city located on the Chesapeake Bay in Anne Arundel County. It has a population of about 40,000 people with a median age of about 37 years which makes it a good ...

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Are you thinking of moving to Gatlinburg? We don’t blame you! The city of Gatlinburg is a beautiful place, one which has gained a great deal of notoriety as a vacation destination. ...

The first answer that comes to mind when someone asks how does where you live affect how you live is: do you have a lot of spare time? Because this one takes a while to answer… Like ...

A gift letter is when an individual gives you money for a down payment as a gift, that person must write you a gift letter so that it can be included in your loan documentation. ...

There are a lot of reasons to move to Plano Texas. From the ready availability of jobs to the thriving arts community and low crime rates, there are a number of things that may have ...

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 ...

If you’re looking into how to get a job in real estate and arrived at this page: congratulations; you’ve just made a big step toward your first real estate job! Not only ...