Q: How much is my house worth? The exact price of your own home will depend on its size, neighborhood, and lots of other factors. Further complicating matters is your own skewed…
Chimney-“Clean and Inspect” creoste build up can lead to a chimney fire. Gutters- “Clean and Check” (leaves can be a haven for pest/mold) Roofing- Looked for damaged shingles and remove…
A mortgage on property that is property that is superior in the right to any other mortgage. It is not enough that a mortgage is the first to be executed…
That interest or value remaining in property after payment of all liens or other charges on the property. An owner’s equity in property is normally the monetary interest the owner…
Subagreement of Sale- An agreement for sale (contract for deed) between the original vendee of an agreement of sale and a new purchaser. Under such an agreement there is no…
1. Mortgage rates are still low Low mortgage rates translate to lower monthly costs. Lower costs entice buyers, which is good for sellers. 2. Inventory is shrinking When inventory shrinks, available…
Annual percentage rate (APR): A yearly interest rate that includes upfront fees and costs paid to acquire the loan, calculated by taking the average compound interest rate over the term of…
Owner Financing- A property purchase transaction in which the property seller provides all or part of the financing. This often occurs when the prospective buyer cannot obtain funding through a…
A Lease Purchase Agreement is the heart of rent-to-own properties. It is an agreement in which part of the rent payment is applied toward a set purchase price. Title is transferred…
Insurance offered by private companies and subsidized by the federal government, designed to provide coverage from floods or tidal waves. Primary and secondary lending institutions regulated by the federal government…
