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About Terry Company
Terry can help you with your home buying or selling needs. He has the support of the #1 Real Estate company in the world. Give Terry a call to discuss your particular Real Estate need and let him map out a plan that will bring your desired results.
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Real Estate Glossary Terms
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Appraisal
An Appraisal is the evaluation of a real estate property made by a neutral third party expert known as an Appraiser. There are a number of reasons a home Appraisal is done: - To develop a realistic market price- To set the property market value at the time of death of its owner, w ...
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Locking The Loan
An option exercised by the borrower, at the time of the loan application or later, to 'lock in' the rates and points prevailing in the market at that time. When lenders 'lock/' they commit to lend at a specified interest rate and points, provided the loan is closed within a specified 'lock period ...
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Prepayment Penalty
A charge imposed by the lender if the borrower pays off the loan early. The charge is usually expressed as a percent of the loan balance at the time of prepayment or a specified number of months' interest. Some part of the balance, usually 20%, can be prepaid without penalty. Usually, the penalty ...
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Nontraditional Reinsurance
Types of reinsurance instruments under which the amount of risk transferred is more limited than under traditional risk reinsurance instruments. The limitations on risk transfer take the form of an aggregate dollar amount or loss ratio limits according to the reinsurance coverage in effect. Premiums ...
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Tort
In general, a civil wrong, other than breach of contract, for which a court will provide a remedy in the form of a suit for damages. Torts include negligent acts or omissions on the part of a defendant. Liability insurance is designed to cover an insured (defendant) for unintentional tort acts. ...
Real Estate Advice
Homebuyer Tips
Living In Bowie MD - Pros And Cons
Have you ever had the opportunity to witness the wonders of Maryland? A state that finds the perfect balance between the exquisite lifestyle along the coastline, along with the impressive urban scene of a metropolitan city. All kinds of natural features, except desert, can be experienced through the state of Maryland, and its important history earned the state its ...
Homebuyer Tips
Pros And Cons Of Living In Clermont Florida
Up to this day many people consider Florida to be one of the best places to live. With an average of 237 days of sunshine per year and great year-round weather there is no wonder why many people want to live here. At some point, you get tired of rainy days and the never-ending cold season with below-freezing temperatures. On top of that Florida has no state income tax, ...
Homebuyer Tips
The Pros And Cons Of Living In Pensacola
The process of choosing a new place to live is often a bit daunting. When your head is spinning from trying to make sense of all the different relevant factors such as crime rates, climate, job opportunities and living costs, it often feels overwhelming, leaving you hopelessly lost without the slightest clue where to start. If you are in this predicament and Pensacola ...
Homebuyer Tips
Pros And Cons Of Living In Melbourne, FL
If you’re starting to think about moving to Melbourne, FL get ready to launch yourself into a new lifestyle surrounded by technology advancements within Florida’s Space Coast. While it is the center of high-tech aerospace development in the area, Melbourne, FL is also an oasis for natural explorations, beach life and any outdoor activity you could possibly ...
Home Seller Tips
Homes For Sale In Fort Washington
Just south of Washington D.C. is the small unincorporated census-designated area of Fort Washington, MD. As the capital, its location is on the right side of the Potomac River and there are around 19 miles between the downtown areas of these two cities. Fort Washington, MD is a much smaller town than the nation’s capital but despite their huge differences, the two ...
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