Independent Contractor

Definition of "Independent contractor"

Self-employed contractor who may perform work on a structure such as residential or commercial property.

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Correspondent Lender

A lender who delivers loans to another (usually larger) lender against prior price commitments the l ...

Insurable Interest

A relationship with a person, thing, or item that is the foundation of an insurance policy. One havi ...

Private Mortgage Insurance (PMI)

Mortgage insurance provided by private mortgage insurance companies (PMIs). As distinguished from m ...

Blue Sky Laws

Refers to state statues protecting the public against securities frauds of real estate companies. ...

Delinquency

A mortgage payment that is more than 30 days late. ...

Secondary Mortgage Market

Market where mortgage loans can be sold to investors. The availability of funds for financing real e ...

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Homeowners association is a nonprofit association that manages the common areas of a condominium or ...

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A housing ratio is the percentage of your housing payment (principal, interest, taxes, and insurance ...

What Should I Do If I'm In An Accident?

1.- Stay Calm. Determine the injuries and or damage. 2.- Call the police. File an accident report ...

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You should definitely consider getting travel insurance when doing or bringing any of the following ...

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A mortgage insurance premium is a policy that insures the lender against loss if the homeowner defau ...

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