What Is Accession?

A subdivision is a piece of land divided into several plots in which homes are built. ...

Discount points are a type of point paid by the borrower to reduce the interest rate. ...

A quit claim deed is a formal document that denies a claim to a certain property. Often used to clear problems with a title or as part of a divorce settlement. ...

When you are preapproved, you have a definite commitment from a lender ...

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 maintenance fee is a charge by condominium associations, co-ops, or other homeowners associations for the upkeep of the property. ...

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 ...

An inspection is a close and thorough examination of a house and property. A licensed individual usually does the inspection. ...

Individual: Adjusted gross income less itemized deductions and personal exemptions. After taxable income is computed, the tax to be paid can be determined by looking at the tax rate ...

Additional utility an individual receives when purchasing an additional unit of a commodity or service. Represents a trade off between units of cost and unit of utility. For example, an ...

the sale of one average real estate inventory item within a specified time. Movement or change of people such as tenants. ...

Limited period of time granted by state law to an individual who has had his or her property foreclosed on and sold to regain possession of the property by repaying the debt that was ...

Probate court approved title issued to the distribute of an individuals intestate estate. ...

A joist to which a ceiling is attached. A ceiling joist usually consists of several small 2 x 4 boards nailed or mortised to the sides or bottom of overhead joists to which the ceiling is ...

The interest rate and terms competing mortgage lenders are offering to potential mortgagees. The mortgage market is competitive on the basis of mortgage interest rates, points, credit ...

Written statement in a deed limiting the number, type, size, and use of property. See also deed covenants. ...