Also called negative leverage. The interest rate on the obligation exceeds the
return rate on the real estate investment. As a result losses are magnified.
Cash earnings generated from a real estate investment or property. Cash earnings equals cash revenue less cash expense. The cash earnings may or may not be discounted to its present value ...
Property taken over by the government because the owner has failed to pay taxes on it. The property may revert back to the owner when the taxes are paid. If not, the government may sell the ...
Fee a borrower is assessed for the right to make a loan payment before the due date. An example is the prepayment charge for paying-off a mortgage early. ...
The ability to pay is a self-explanatory term used in Real Estate to determine if the Home Buyer has the financial health to honor a deal.
Mortgage Lenders can't afford to lend out money ...
The meaning of a development impact fee or impact fee defines a one-time cost the local government imposes on a brand new or planned development project (regularly on a property developer.) ...
Land O’Lakes is one of the best lake communities in the state of Florida. It is located in Pasco County, and with a population of about 37,000 people, the city is a desirable place to ...
With its strategic position in the center of one of the fastest-growing regions in the United States. Northwestern Arkansas is home to three of the largest retail companies in the country, ...
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. ...
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 ...
We all aim for a debt-free retirement that comes with the peace of mind of no longer making payments. Mortgage payments are included there, and retiring with further payment required on ...
Located on the east coast of Florida, the city of Melbourne lies on the banks of the Indian River. This river separates the city from the Atlantic Ocean and a thin strip of land works as a ...
Well … in order to answer this question, one must simply look at the city’s top ranking lists available online to help make that determination. The simplest answer is yes. ...
The capital of our nation has had quite a reputation over the last century. With crime rates decreasing, currently, Washington D.C. is becoming a much safer city than it had been back in ...
Find a Real Estate Agent
Read why Real Estate Agent rates 5 Stars in over 20 Agents Reviews
Have a question or comment? We're here to help.