Principal Residence

An agreement in which the trustee takes title of the property ( called corpus) owned by the grantor (donor) to protect or conserve it for either the grantor or the trust's beneficiary. The ...

Group of individuals elected by a real estate companies stockholders to run the firm in accord with the corporate charter. The board is appointed by senior management and usually is ...

The fee charged by a governmental jurisdiction to enter in the public record the deed and other documents affecting the title to property at the time of a transaction. ...

Also called estate in reversion. A vested interest or estate in which a person has a fixed interest in the future. For example, if a grantor is required by the IRS to pay a substantial sum ...

An individual legally fit and able to undertake an activity or function. ...

(1) Paved roadway constructed above lowlands such as a swamp. (2) Roadway in ancient Egypt connecting the valley temple with a pyramid. ...

Portable electronic calculator having numerous built-in financial analysis and margin calculators, mortgage amortization, present and future value, and numerous other business statistics ...

Provision permitting a lender to charge the borrower a penalty for repaying a loan before its due date. ...

A borrowers other debts, such as auto loans and credit cards, figured into the debt-to-income ratio. ...

A commitment letter is a formal offer of a loan by a lender. The letter states the terms under which the lender has agreed to the loan. ...

A rate lock is a commitment issued by a lender to a homebuyer or to the mortgage broker guaranteeing a specific interest rate for a specified amount of time. ...

Boca Raton is a town located in Palm Beach County, South Florida with an estimated population of 99,224 according to the most recent United States census done in 2019. The city of Boca ...

If you’re thinking of moving to Bowie MD, there are probably many burning questions on your mind. Is Bowie MD a safe place to live? Are jobs easy to find in Bowie MD? What is the ...

The state of Tennessee has been one of the hardest states hit by the sub-prime mortgage crisis of 2007-2008. Since then, the state has constantly fought to make homeownership more ...

The quiet, sophisticated town of Bowie MD is nestled cozily between the US capital of Washington DC and Annapolis, Maryland. This town is known for many things, from its beautiful suburban ...

An overall debt ratio is the percentage of your overall debt (housing payments plus any other long-term debt) to your monthly gross income. Lenders use this ratio-sometimes called the ...