What Is A Lifetime Rate Cap?

You’re researching your options regarding a homeowner’s insurance policy and you’re wondering which to get; there are so many! Then, your real estate agent, a great ...

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. ...

A Buildable acre consists of 43,560 square feet of residentially designated buildable land, after excluding present and future rights-of-way, restricted hazard areas, public open spaces and ...

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So. You want to move to Bowie Maryland. Beautiful houses, tons of rich history balmy Maryland weather make the city of Bowie a great place to live. Those aren’t the only things that ...

An escrow officer - also known as a loan officer - is the person that walks you through the closing process. They are usually employed by the title company that you are working with. They ...

An index is an economic indicator used to set the rate for adjustable-rate mortgages. ...

A limit on an adjustable-rate mortgage. ...

An increase in the income tax basis of a property that is a result of a tax-free exchange. As a result of an inheritance, for example, the basis of the inherited property was stepped up to ...

Filed by a condominium developer or converter for the purpose of recording all of the individual condominium units owned within a condominium development. For example, a condominium ...

If buyers are considering a home with an assumable mortgage at a fair interest rate or if the sellers have already paid their mortgage, remember to consider seller financing. With seller ...

Building more than six stories high serviced by elevators. ...

A minimum amount a lender is willing to provide on a commercial loan for a building designed to be tenant occupied. A floor loan is progressively funded as the building moves from the ...

Properties that about and actually touch and share a common border. Properties B and C are contiguous. Property A is adjacent to properties B and C, but it is not contiguous. ...

Burdens one parcel of land (the servient estate) for the benefit of another parcel (the dominant estate). ...

Outside wall of a structure that is exposed to the weather. An exterior wall can also be a load bearing wall ...