Buying Construction Home New
Buying Construction Home New
Buying Construction Home New

Free Classifieds and Advertising for Individuals and Businesses at www.KeepSane.com



Real Estate Terms of the Day for Buying Construction Home New



SECOND MORTGAGE
An additional mortgage placed on a property that has rights that are subordinate to the first mortgage.

MORTGAGE BROKER
An individual or company that arranges financing for borrowers.

DEVISE
A transfer of real property under a will.

SEVERALTY
Sole ownership of real property.

COST OF FUNDS INDEX (COFI)
An index of the weighted-average interest rate paid by savings institutions for sources of funds, usually by members of the 11th Federal Home Loan Bank District.

CONDOMINIUM
A form of property ownership in which the homeowner holds title to an individual dwelling unit and a proportionate interest in common areas and facilities of a multi-unit project.

RELEASE CLAUSE
A provision found in many blanket mortgages enabling the mortgagor to obtain partial releases of specific parcels from the mortgage upon the payment of, typically, a larger-than-pro-rata portion of the loan.

Copyright © 2004-2005   |    www.WeWillBuyYourHouseFast.com   |  Privacy Policy