Real Estate Term of the Week
Jumbo Mortgage: A mortgage loan on a home where the loan value exceeds the standard limits for conventional loans set...
Jumbo Mortgage: A mortgage loan on a home where the loan value exceeds the standard limits for conventional loans set...
The steady rise in home prices has created a greater demand for jumbo loans. As of mid-2017, the average cost...
Appraisal: An estimation of a home’s market value by a licensed appraiser based on comparable recent sales of homes in...
Many of us see homes selling like hotcakes these days. As fast as they come on the market, they’re under...
Creosote: A dark brown or black flammable tar deposited from wood smoke on the walls of a chimney. Homeowners using...
Over 350,000 fires break out in homes each year in the U.S., resulting in deaths, injury, and significant loss of...
Inspection Contingency: Is an optional clause stated in a home purchase contract that gives the buyers the right to get...
After months of searching for the best home for your needs, you’ve made an offer, negotiated back and forth, and...