What Are Prepayment Penalties?

When you are prequalified, the lender gives you an estimate but does not formally commit to giving you a loan. ...

Basic points relates to changes in the interest rate for your home. ...

Basement remodels add more beautiful living space and are usually treated like new construction. This means that it increases your home’s assessed value and therefore an increase in ...

A commitment letter is a formal offer of a loan by a lender. The letter states the terms under which the lender has agreed to the loan. ...

Conceived in 1944, the VA loan program is one of the oldest facilities offered to veterans and service members. This type of loan is guaranteed by the United States Department of Veterans ...

What is a vlog? A video blog (shortened vlog) is a type of blog in which the message is spoken, not written, and the medium is video. It is a form of web television made popular by ...

Are you wondering what is the difference between being prequalified and preapproved for a loan? Do you always get confused because they seem pretty much the same thing, right? But there is ...

A penalty fee charged for paying off a mortgage early, thus allowing banks to still make money off of the loan in the event that you inherit a small fortune. Most loans these days do not ...

Monies paid to use property, such as the use of natural resource extractions. The royalty payment is typically based upon some percentage of the income or fee for substances generated from ...

The right and duties of using and holding property. ...

Provision in a loan agreement where a debtor authorizes a judgment against him in the event of a default. These agreements are widely restricted, but when they are lawful, the creditor is ...

The ratio of rented space to the total amount of space available. For example, an 80 unit commercial office building currently has 60 units occupied. Therefore, the occupancy ratio is 60/80 ...

Form of lighting designed to have 90% to 100% of the emitted light directed upward so the principal illumination is reflected rather than direct. Indirect lighting is designed to have less ...

Borrower's right to redeem his property by immediately paying off the loan balance and any related costs. ...

When an Appraisal is done, its ultimate goal is to define a Market Value for that property. So, in short, market value is the value of a real estate property in a free competitive ...

Also called biannual; twice a year. An example is when lease payments are due January 1 and July 1. ...