Pro Forma Statement


Definition of "Pro forma statement"

Shawn Hermansen
  RE/MAX Encore II

Financial statement with amounts or other information that are completely or partially assumed. The assumptions supporting the amounts are usually provided. The statement may be prepared in determining the possible financial effects of buying or renting property.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Safety Audit

Study of an organization's operations, and real and personal property to discover existing and poten ...

Adjudication

Formal decision by a court of a law in an action brought before it, the court reaches a final determ ...

Suspension Of Coverage

Interruption of insurance provided for in most property insurance policies under circumstances where ...

Secondary Mortgage Market

Market where mortgage loans can be sold to investors. The availability of funds for financing real e ...

Universal Variable Life Insurance

Policy combining features Of UNIVERSAL LIFE INSURANCE and VARIABLE LIFE INSURANCE in that excess int ...

Consumer Credit Protection Act

1968 federal legislation that makes it mandatory for lenders to disclose to credit applicants the an ...

Related Real Estate FAQ

What Do I Need To Know About Whole Life Insurance?

Whole life insurance insurance provides the coverage amount to your beneficiary in the of your death ...

What Is A Rate Lock?

A rate lock is a commitment issued by a lender to a homebuyer or to the mortgage broker guaranteeing ...

What Is Joint Tenancy?

A joint tenancy is an equal, undivided ownership in a property by two or more individuals. ...

What Is A Mortgagor?

A mortgagor is the borrower. ...

What Does A Back-end Ratio Mean?

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

What Is A Qualifying Ratio?

A qualifying ratio is the percentages a lender compares to see whether you qualify for a loan. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

How is Square Footage Determined? 6 Reasons you are not selling properties What is the Best Time of Year to Buy a Home? Home Prices - The Extra Costs Foreclosure - The Pros and Cons of Buying

FAQ

What is a wraparound mortgage? What is Loan Amortization? What is a subprime mortgage? What is a loan-to-value (LTD) ratio? What type of a home is a condominium?