Tag: mortgages

Real Estate Term of The Day: Recap of the “A” Terms

January 15, 2012

ABSORPTION RATE ACCESSIBILITY ACRE ADJUSTABLE RATE MORTGAGE (ARM) ADJUSTMENTS IN APPRAISAL ADJUSTED SALES PRICE AGENCY AGENCY DISCLOSURE AGENT AMENDMENT AMENITIES AMERICAN LAND TITLE ASSOCIATION AMORTIZATION AMORTIZED LOAN AMORTIZATION SCHEDULE AMORTIZATION TERM ANNUAL PERCENTAGE RATE (APR) APPRAISAL APPRAISAL APPROACH APPRAISAL REPORT APPRAISED VALUE APPRECIATION ARCHITECTURE ARREARS ASBESTOS AS IS ASKING PRICE ASSESSED VALUE ASSESSMENT ASSESSOR ASSUMABLE … More Real Estate Term of The Day: Recap of the “A” Terms

Real Estate Term of the Day: Biweekly Loan

January 4, 2012

Real Estate Term of the Day: Biweekly Loan BIWEEKLY LOAN – a mortgage which requires principal and interest payments at two-week intervals.  The payment is exactly half of what a monthly payment would be.  Over a year’s time, the 26 payments are equivalent to 13 monthly payments on a comparable mortgage loan.  As a result, … More Real Estate Term of the Day: Biweekly Loan

Real Estate Term of the Day: Back-End Ratio & Front-End Ratio

December 28, 2011

Real Estate Term of the Day: Back-End Ratio & Front-End Ratio (aka Debt to Income Ratios or DTI) BACK-END RATIO – one of several criteria used to qualify homebuyers or owners for mortgage loans.  The back-end ratio takes into account existing long-term debt of the loan applicant (Barron’s Dictionary of Real Estate Terms) Common debts … More Real Estate Term of the Day: Back-End Ratio & Front-End Ratio