Real Estate Term of the Day: Annual Percentage Rate (APR) ANNUAL PERCENTAGE RATE (aka: APR) – the effective rate of interest for a loan per year, disclosure of which is required by the Truth-In-Lending Law (Barron’s Dictionary of Real Estate Terms) The APR rate is not to be confused with the note rate (or the … More Real Estate Term of the Day: Annual Percentage Rate (APR)
Real Estate Term of the Day: Amortization: Loan, Schedule & Term AMORTIZATION – a gradual paying off of a debt by periodic installments (Barron’s Dictionary of Real Estate Terms) AMORTIZED LOAN – any loan with at least some payments to principal (Barron’s Dictionary of Real Estate Terms) AMORTIZATION SCHEDULE – a table that shows the … More Real Estate Term of the Day: Amortization: Loan, Schedule & Term
Real Estate Term of the Day: American Land Title Association (ALTA) AMERICAN LAND TITLE ASSOCIATION (aka: ALTA) – a national association of title companies, abstractors, and attorneys established to promote uniformity and quality in title abstract (a historical summary of all of the recorded instruments and proceedings that affect the title of property) and insurance … More Real Estate Term of the Day: American Land Title Association (ALTA)
Real Estate Term of the Day: Amenities AMENITIES – features that add to a property’s desirability (Barron’s Dictionary of Real Estate Terms) To me the term amenities when applied to real estate are homes (single family, condo or town homes) that are located in a community where homeowners pay (typically through the HOA fees) to … More Real Estate Term of the Day: Amenities
LESLIE MONACO REAL ESTATE 