Fees charged by a real estate broker or a mortgage broker for providing assistance in a real estate transaction. Buydown [skip to next word] The lump-sum prepayment of all or a portion of your mortgage interest by a lender or homebuilder in order to lower your monthly mortgage payment, typically for a period of 1-3 years. See also: Term. Back to top C
Real estate and mortgage finance often times comes with its own unique language. If you work with it every day, it becomes 2nd nature, but most people don’t work with it every day. So we’ve created a glossary of mortgage and real estate terms.
A mortgage covering at least two pieces of real estate as security for the same mortgage. This provides greater security for the Lender. It may be possible to get a "partial" release so the Borrower can sell one of the properties provided a suitable principal reduction is made.
Real Estate Glossary There is a lot of real estate terminology used during the home buying and selling process and CENTURY 21 is here to help you understand those terms. We have created a glossary of the most commonly used real estate terms and their definitions in order.
PROPERTY MANAGEMENT – branch of the real estate business dealing with the management of property. The property may be a rented house or a large office or industrial complex. The duties may range form merely collecting rents to complete management of all maintenance and may also include being leasing agent or sales agent.
The Home Equity Theft Reporter: Buy Back Agreement In Foreclosure Rescue Sale Leaseback Deals To Be Presumed An Equitable Mortgage, Says Proposed Florida Statute mortgage either by refinancing into another mortgage or by selling their home for enough to extinguish the fraudulent mortgage. It was only when borrowers’ equity was so tapped that they could no longer refinance, and a slowing housing market had eliminated the option of selling for many struggling borrowers, that the massive delinquencies and11 Interesting Facts You May Not Know About Florida Mortgage Masters Group 100 fun & interesting facts are facts that are not only funny but will bring a smile on your face and make you to think . So you have to accept facts as facts. Funny Facts About the World That Will Make You Smile. There’s volcano in Indonesia that spews blue lava.. After reading this post you will not recognize that the the brain doesn’t recognize the second ‘the’.
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Home / Glossary of Mortgage terms arm (adjustable rate mortgage) – interest rates on this type of mortgage are periodically adjusted up or down, depending on the current specified financial index. Agent – acts on behalf of another, representing that person’s interests and serving as an intermediary.
Real Estate Definitions The real estate market has a big impact on the economy as a whole. Learn more with these definitions of commonly used terms surrounding real estate, housing and mortgages.
“This pioneering transaction represents an important event in the evolution of PennyMac Financial’s capital structure and marks a watershed development for the mortgage banking industry. and.
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