Retention

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. ...

Florida is for many people one of the most desired places for a vacation and for good reasons. The state of Florida holds attractions that are unique in the country. The climate makes for ...

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Fort Mill is a city located in York County, in the northern part of South Carolina. This city has a population of about 17,000 people and it is well-positioned in the proximity of Rock Hill ...

Fort Mill is a town located in the state of South Carolina as a suburb of the city of Charlotte. Right around the border of South to North Carolina, this city is also known as Fort Mill ...

The Miami metropolitan area has been one of the most popular tourist destinations in Florida. Amongst the coastline cities that populate the metro area, you can find the upscale city of ...

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 ...

A front-end ratio is a ratio of the borrowers monthly housing expenses-including principal, interest, property taxes, and insurance (OITI)-compared to the borrowers gross, pretax monthly ...

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 ...