I SPEAK:
English
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.
Brenda: 352-427-8262
Get in touch
Real Estate Glossary Terms
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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
Agent Advice
Agents: How To Sell A House During A Pandemic
The coronavirus outbreak dealt a massive blow to the economy. Many industries find themselves struggling during the pandemic because of the restrictions imposed by the government and authorities in order to contain the spread of the disease. With the current situation of the pandemic, many people fear to go outdoors while others are careless. We are also witnessing a ...
Homebuyer Tips
Minimum Credit Score In The USA For Home Loans
We all dream about the glorious day we move into our own home. After all the years, moving from one rental to another, the day has come when you can finally think about your own place. You have enough money for your down payment and with a good credit score, you are now able to get a home loan. The American dream of homeownership is now within your ...
Home Seller Tips
How To Sell A House In Orlando, Florida
The state of Florida also known as the “Sunshine State” is renowned worldwide for its touristic attractions. World-class beach experience, dining, and amusement parks are just some of the things people come for in Florida. With such an increasing number of people coming in the state the demand for housing has also increased over the years. With more people ...
Homebuyer Tips
Sustainably Refurnishing Your Home
Sustainability is a concept for the future and it is highly important that we understand it. If we are thinking of the future we have to think of both something that can be used for the long term and also something that doesn’t produce waste. A sustainable way of refurbishing your home is quite a tricky thing to embark on, but if we want to live in a clean ...
Agent Advice
How To Become A Real Estate Agent In Texas?
Being the second-largest state in the United States following Alaska, Texas prides in its prosperous economy and with a gross state product of $1.8 trillion, Texas is amongst the top largest economies globally. Texas is a state with an abundance of natural resources, thriving cities, and institutions that provide the best education that significantly contributes to its ...
Stay connected with me
My credentials
