An occupant's expressed interest in property that is being rented. An example is a tenant who rents a house and expresses a desire to buy it after the lease expires.
Lien which is over and above a first lien. A second lien is subordinate to the first
lien and can be satisfied only after the initial lien is satisfi ...
Interest rate on a loan that varies periodically based on some related measure. If interest rates are currently high and a prospective buyer of a home ...
Interest computations based only on the original principal. For example, the simple interest on a $100,000, 8% loan is $8,000. It is compared with com ...
A condominium is a form of home ownership in which the owner owns the airspace within the walls but doesn't own the actual walls, ceilings, or floors ...
An investment property is a property you purchase with the intension of using it as a rental income or for investment purposes rather than to live in. ...
Have a question or comment? We're here to help.