What Is A Proration?

Hey, don’t feel ashamed for not knowing what is the difference between a real estate broker and a real estate agent. This is truly one of the most common real estate confusions out ...

Are you wondering how to speed things up with your mortgage payment? Thinking how to build equity to your home”? Well, by paying off your mortgage. The more you do, the more ...

A treasury index is an index used to determine interest-rate changes for certain adjustable-rate mortgages (ARMs). This index is based on the results of auctions the U.S. Treasury holds for ...

A housing ratio is the percentage of your housing payment (principal, interest, taxes, and insurance) to your monthly gross income. Lenders use this ratio to qualify you for a loan. ...

A basic policy is a homeowners insurance policy that covers certain perils. ...

Wondering how to calculate the fair market value of a property? It helps if you understand that it’s all about an estimate; you’ll hardly bull’s-eye-it. Fair market ...

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

Not only can homeowners associations impose pet restrictions but almost 100% of them do. Here’s the thing: the job of a homeowners associations or HOA is to look at the big ...

Company formed for the purpose of owning securities of one or more real estate corporations and assuming control over their practices and management. The other corporations are generally ...

Building's total floor area, in square feet, designed for tenant leasing. The GLA in normally calculated from the outside walls to any existing room partitions. ...

Legal property rights that don not include possession. Examples of incorporeal property rights are air and mineral rights, riparian rights, easement and access rights. ...

(1) Payments made at the end of a time period. (2) Late or overdue payment. Payments which are in default. ...

A rectangular area bordered on all sides by buildings. Often, a quadrangle is grassy with decorative landscaping. A quadrangle can be found in a central business district or on the site ...

Branch of the federal government responsible for collecting taxes including personal and corporate. The IRS administers tax rules and regulations, and investigates tax irregularities. ...

Homes with division of ownership or use of a resort unit on the basis of time periods. For example, a resort home may be divided into 25 time shares of two weeks each, with two weeks left ...

Two or more parties agree to something. An example is when the two parties to a contract mutually agree to make certain revisions to it. ...