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Expenditure to make a specific security or real estate transaction. Real estate transaction costs include survey costs, mortgage points and origination fees, recording fees, state transfer ...

Mortgage-backed, pass-through securities that segregates mortgage pools into short, medium, and long-term. CMOs arose because GNMA or FHLMC mortgage-backed securities have uncertain time ...

When a real estate owner wants to know what their property tax liability is, they calculate the assessment ratio for their property. An assessment ration is a relationship between a real ...

Approach to determining a capitalization rate for use in valuating property so as to arrive at a suitable purchase price. To the risk free interest rate is added a risk premium to cover the ...

In legal terms, the definition of null and void (“void ab initio”) can describe an agreement that has no force or binding power. Therefore, it’s neither valid nor legally ...

A graduated payment mortgage (GMP) developed to overcome the negative amortization aspects of the GMP. The key to the FLIP mortgage is the use of the buyer's down payment. Instead of being ...

A unilateral contract is a contract where only one part holds responsibility for whatever the document promises. For instance, an insurance contract is usually a unilateral contract ...

Condition that affects the probability of losses or perils occurring. An example is possible earthquake or flood damage to a house. ...

The city with over 200,000 residents in the Lone Star State has all the meaningful advantages, traditions, and technical momentum, low crime rates, and prices, as well as marvelous ...

If you’re looking into how to get a job in real estate and arrived at this page: congratulations; you’ve just made a big step toward your first real estate job! Not only ...

Located on the East Coast of Florida you will find a city that has been nicknamed “the quieter side of Florida”. That city is Palm Coast, FL. The name itself paints a picture of ...

Many young adults and members of Gen Z can’t wrap their heads around choosing between living in an apartment or a house. By all means, it’s a tough nut to crack. When asked, ...

When it comes to whether a place is good for retirees or not, many people look at how peaceful it is and how affordable it is. Usually, a fast-growing and affluent town doesn’t match ...

Located on the Eastern side of the Potomac River, just south of Washington DC’s downtown district is Fort Washington, an unincorporated area in Prince George’s County. Living in ...

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Located in the Southwest of Florida, the city of Cape Coral is known for its canals and waterfront wonderland. Many people migrate here during winter or settle for a comfortable but active ...