Real Estate Term of the Week
Home Warranty: A residential service contract undertaken by a home owner that covers the cost of maintaining household systems or...
Home Warranty: A residential service contract undertaken by a home owner that covers the cost of maintaining household systems or...
When you purchase a home, real estate agents often recommend that you also buy a home warranty. A home warranty...
Contingency Clause: Defines a condition or action that must be met in order for a real estate contract to become...
Whether you’ve owned your home for years or just moved in, one of your long-term responsibilities is taking care of...
Loan Origination Fee: An up-front fee charged by a lender for processing a new loan application, used as compensation for...
The Consumer Financial Protection Bureau reports that nearly half of all mortgage borrowers don’t shop around when they buy a...
Material Defect: A specific issue with a system or component of a residential property that may have a significant, adverse...
When selling your home, you try your best to present every detail in the best possible light. But in many...