Recovery Period

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. ...

Every year, hurricane after hurricane sweeps over huge swaths of the country, leaving paths of destruction and decimation in their wake. Homes are destroyed by high winds or high water, ...

If you plan to stay forever in a certain place, buying is better than renting. Banks and mortgage brokers offer such a huge variety of loans that it is almost impossible not to find ...

If you’ve just gotten the news that you’re about to be evicted, you’re probably experiencing a range of emotions. You may be feeling confused, angry or worried. Your mind ...

Canton GA can be described as a self-sufficient city where you don’t feel enclosed by traffic and crowds, but at the same time, you don’t have to worry about driving to larger ...

Located on the barrier island of South Carolina, the resort town of Hilton Head is one of Lowcountry’s most renowned tourist destinations. With a population of about 40,000 residents ...

Bentonville has recently come to national attention due to its situation in Northwestern Arkansas, one of the fastest growing areas in the United States. But what is the cost of living in ...

If you have a family, or a job that just doesn’t pay that well, chances are your first concern when moving to a new city is its cost of living. You’ll probably research the ...

When you’re moving to a new city, you don’t want to take any chances. Before you spend your life and relocate to a new and unfamiliar place, there are certain things any ...