Location

Expenditure to make a specific security or real estate transaction. Real estate transaction costs include survey costs, mortgage points and origination fees, recording fees, state transfer ...

Mortgage-backed, pass-through securities that segregates mortgage pools into short, medium, and long-term. CMOs arose because GNMA or FHLMC mortgage-backed securities have uncertain time ...

When a real estate owner wants to know what their property tax liability is, they calculate the assessment ratio for their property. An assessment ration is a relationship between a real ...

Approach to determining a capitalization rate for use in valuating property so as to arrive at a suitable purchase price. To the risk free interest rate is added a risk premium to cover the ...

In legal terms, the definition of null and void (“void ab initio”) can describe an agreement that has no force or binding power. Therefore, it’s neither valid nor legally ...

A graduated payment mortgage (GMP) developed to overcome the negative amortization aspects of the GMP. The key to the FLIP mortgage is the use of the buyer's down payment. Instead of being ...

A unilateral contract is a contract where only one part holds responsibility for whatever the document promises. For instance, an insurance contract is usually a unilateral contract ...

Condition that affects the probability of losses or perils occurring. An example is possible earthquake or flood damage to a house. ...

To figure out where you stand on the debt-to-income ratio, you must first understand the meaning of the figure. Most lenders use the ratio 28/36. The first number, which is also referred ...

Charlotte in North Carolina became a trendy tourist spot. And many Americans have chosen Charlotte as a top-rated relocation destination to start fresh. A thriving real estate market, ...

As Charleston, SC is located in the middle of South Carolina’s oceanfront, the city manages to attract an increasing number of new residents every year as well as visitors who come ...

The city of Alexandria, VA, is one of the most attractive cities if we take its history into account. However, there is so much more to do in Alexandria than history. Newcomers or visitors ...

A proration is the division of certain fees. If the sellers have paid the taxes six months in advance, for example, they may want a portion of that payment back for the months you are ...

To answer this question, Foley Alabama is quite close to the beach. It doesn’t even really matter to which beach you are referring to because they are all pretty close. Foley, AL has ...

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Located in close proximity to the westernmost metropolis of Florida, the city of Gulf Breeze, FL is a great destination for families and, as it has great assisted living facilities, ...