Mai


Definition of "MAI"

Member Of the American Institute of Real Estate Appraisers.

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Popular Real Estate Terms

Limits Under Multiple Policy Years (lump)

Single limit insurance program remaining in force for several years as compared with traditional insurance programs where there is a series of annual ...

Fixed Rate Mortgage (FRM)

Fixed rate Mortgage is a type of loan that maintains a specified interest rate for the lifetime (or maturity) of the mortgage.According to the Federal ...

Short-term Lease

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 h ...

Secondary Location

Real property situated in a less advantageous area. Example are a supermarket located in a crime area, or one that is difficult to see because it is ...

Manufactured Home

A home built entirely in a factory, transported to a site, and installed there. Manufactured homes are distinguished from 'modular,' 'panelized'' and ...

Mortgage Auction Site

Same as term Lead Generation Site: A mortgage Web site designed to provide leads to lenders. A 'lead' is a packet of information about a consumer in ...

Popular Real Estate FAQ

What Is Equity?

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 cost ...

What Is Homeowners Association (HOA)?

Homeowners association is a nonprofit association that manages the common areas of a condominium or \"planned unit development\" (PUD). Unit owners pa ...

What Is A Home Warranty?

A home warranty is a guarantee for certain features of a new home-for instance, the materials and workmanship, the main components of the house, and s ...

What Is A Second Mortgage?

A second mortgage is a type of mortgage on property that has alien already on the first mortgage. This mortgage is usually on the remaining equity in ...

What Is A Maintenance Fee?

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

What Type Of Life Insurance Is Right For Me?

A life insurance policy can help enable your family to remain financially if you or your spouse should die. Insurance company understands that life is ...

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