Person or business that obtains mortgages for others by finding suitable lenders. The mortgage broker sometimes deals with collections and disbursements. Typically the mortgage broker ...
Same as term Veterans Administration Mortgage: Mortgage guaranteed up to 30 years by the Veterans Administration to veterans meeting minimum requirements. Originally established by the ...
Letter sent an individual informing him or her they are in default on an agreement. Normally, a notice of default will give the defaulting party the terms necessary to remedy a default and ...
A lessening in the inflation rate. This may occur during a recession when insufficient demand prevents sellers from passing on higher prices to prospective buyers of houses. See also ...
Same as term cape cod colonial house: Early American style 1 1/2 story house with a steep gable roof covered with shingles. The bedrooms are on the first floor, but the attic is often ...
Legal obligation stemming from a civil wrong or injury for which a court remedy is justified. A tort liability arises because of a combination of a direct violation of a person's rights, ...
Many millennials, as well as families, choose to take up residence in this large city from North Carolina that somehow manages to still feel like a small town. A major reason for this is ...
Fairfax city is located in northern Virginia, and even though it is well placed inside the borders of Fairfax county, it is an independent city. Fairfax city is part of the ...
A gift letter is when an individual gives you money for a down payment as a gift, that person must write you a gift letter so that it can be included in your loan documentation. ...
To figure out where you stand on the debt-to-income ratio, you must first understand the meaning of the figure. Most lenders use the ratio 28/36.
The first number, which is also referred ...
Are you thinking of moving to Gatlinburg? We don’t blame you! The city of Gatlinburg is a beautiful place, one which has gained a great deal of notoriety as a vacation destination. ...
Life in big cities can sometimes be fun and entertaining and sometimes it can be a bit challenging and stressful. The city of Dallas has a population of 1.3 million people and has seen a ...
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