Origination Fee

Involves monthly payments for property taxes and insurance, besides principal and interest. The tax and insurance payments are put into an impound account. For a residential mortgage this ...

See before-tax cash flow; cash flow. ...

The term’s balance sheet definition can be described as a financial statement that a company uses to report its liabilities, assets, and shareholders’ equity at a given time. A ...

Obligation taken on by a person who did not obtain it originally, but agrees to honor the terms of the existing obligation as a condition for the transaction. By assuming the loan rather ...

Individual who has the initiative to star an enterprise. The entrepreneur usually hires people to work for him. ...

Unimproved property. It has no utilities, sewers, streets, or structures and usually must be cleared. ...

Expenditures incurred to initially purchase property, including incidental costs necessary to put the property into existing use and location. This cost is then depreciated over the assets ...

Items of real and personal property that usually have a long life, such as housing and other real estate. ...

Basic points relates to changes in the interest rate for your home. ...

When it comes to the real estate market, for real estate professionals, it is evident that first impressions matter more than if your agent commission is 0%. No one gets to know your ...

A lock in guarantees a certain interest rate for a certain period of time. ...

Dallas is a city that holds around 1.3 million people and its prosperous economy has drawn a lot of people to the area. The beginning of Dallas’s economic prosperity started with the ...

A limit on an adjustable-rate mortgage. ...

Fort Mill is a city in South Carolina that is located in York County. Fort Mill is about 19 miles south of downtown Charlotte, and about 8 miles south of Rock Hill. With a population of ...

Located in the heart of Virginia, just south of Richmond, VA, the unincorporated area of Chesterfield, VA is the county seat of Chesterfield County. There are many reasons for this ...

Do you know about the birth town of Walmart, the largest retailer in the world? Did you know that the first store was called “five and dime” and nowadays it’s a museum ...