Modification Today’s real estate word of the day is modification modification. Occasionally, a lender will agree to modify the terms of your mortgage without...
Playlist - Real Estate Dictionary
Merged credit report Today’s real estate word of the day is merged credit report. Merged credit report, a credit report which reports the raw data pulled from two...
Maturity Today’s real estate word of the day is maturity as it relates to a loan or mortgage. Go ahead, Shauna. Oh, goodness maturity. The date on which the...
Margin Today’s real estate word of the day is margin Margin, the difference between the interest rate and the index on an adjustable rate mortgage, the margin...
Lock-in period Today’s real estate word of the day is lock in, period. Oh, OK. So lock in period is the time period during which the lender has guaranteed an...
Loan origination Today’s real estate word of the day is loan origination, Loan origination, how a lender refers to the process of obtaining new loans. It’s...
Loan Today’s real estate word of the day is alone, alone is a summary of borrowed money or principal that is generally repaid with interest or principal and...
Liquid Assets So today’s real estate word of the day with Shana Acquisto, a luxury real estate broker, is liquid asset. Liquid asset is a cash asset or an asset...
Line of credit Today’s real estate word of the day is the line of credit. That’s Shana Acquisto. She’s going to read it for us. Line of credit an...
What is HUD median income? Today’s real estate word of the day is HUD. Median income HUD median income is a medium median family income four for a particular...