What Is A Housing Ratio?

A point is equal to 1 percent of a loan amount. Lenders charge points in exchange for lowering the interest rate. ...

Zoning is the laws that establish how a property can be used and what codes must be followed when erecting new buildings. ...

A title search is the process of reviewing court records and other records to ensure that there are no liens or claims against the property you are buying. ...

An easement is the right given by the landowner to use the property. ...

A home warranty is a guarantee for certain features of a new home-for instance, the materials and workmanship, the main components of the house, and so on. ...

A type of financing in which a developer or seller arranges for the buyer to get a loan at a rate below the current market rate. The developer or seller pays interest costs in order to ...

Equity is the financial interest or cash value of your home, minus the current loan balance(s). If selling the home, this would also be minus any costs incurred in selling the home. If ...

If you truly want to purchase that property, the only ethical thing to do is to purchase it through that REALTOR. Otherwise, you could set up potential conflicts between your previous ...

Credit standard judging the borrowers historical record of paying loans, among other considerations of the credit worthiness of the borrower. See also five cs of credit. ...

A map that shows land elevations. ...

Also known as “cap rate” or “income yield”, Capitalization Rate is a useful way to compute the rate of return on a real estate investment. It is commonly used in the ...

A prefabricate house constructed in a factory with final assembly and erection on site. Because of economies of scale and modern factory production techniques, modular housing is ...

A leasehold estate that can be determined by the lesser or lessee at any time. ...

Claim or debt that may be recovered by instituting a lawsuit. ...

Legal record used to create a condominium. It encompasses the description of the property, common elements, ownership units, and acceptable uses of the residence. ...

Offering of new securities of a real estate company to the investing public, after registration requirements have been filed with the SEC. the securities are usually made available to the ...