Voluntary Alienation

Definition of "Voluntary alienation"

Conveying title to real estate between individuals or business through a deed.

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Life Office Management Association (loma)

Organization that develops and administers educational materials and examinations for the life insur ...

Temperature Extremes Exclusion

Provision in an all risks inland marine policy that denies coverage for exposure to dampness and ext ...

Piti

Abbreviation for Principal, Interest, Taxes, and Insurance. Generally, for the time period of the lo ...

Direct Reduction Mortgage (DRM)

A fully amortized mortgage necessitating periodic payments of both interest and principal. In the e ...

Indexed Loan

A noncurrent loan in which the principal, interest, or maturity is related to a particular index. Th ...

Warehouse Property

Building or other structure used to receive, hold, and issue products and other goods for a fee. A w ...

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Jumbo mortgages are mortgages larger than the limits set by Fannie Mae and Freddie Mac. A jumbo mort ...

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A lock in guarantees a certain interest rate for a certain period of time. ...

What Type Of A Home Is A Condominium?

A condominium is a form of home ownership in which the owner owns the airspace within the walls but ...

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What do I need to know about Universal Life Insurance? What is an appraised value? What is the difference between being prequalified and preapproved for a loan? What are jumbo mortgages? What is Loan Amortization?