Buying Home Renting Vs
Buying Home Renting Vs
Buying Home Renting Vs

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Real Estate Terms of the Day for Buying Home Renting Vs



FIXED-RATE LOANS
Fixed-rate loans have interest rates that do not change over the life of the loan. As a result, monthly payments for principal and interest are also fixed for the life of the loan. Fixed-rate loans typically have 15-year or 30-year terms. With a fixed-rate loan, you will have predictable monthly mortgage payments for as long as you have the loan.

PRO FORMA STATEMENT
A projection of future income and expenses.

AMENITIES
Features, both tangible and intangible, which enhance and add to the desirability of real estate.

KICKERS
Different types of equity participation a lender may seek as a condition for lending money, such as participation in rentals, profits, or extra interest.

SHORELINE
The dividing line between private land and public beach on beachfront property.

PROPERTY REPORT
A disclosure document required under the federal interstate land sales act where applicable to the interstate sale of subdivided lots.

LISTING
A written employment agreement between a property owner and a broker authorizing the broker to find a buyer or a tenant for a certain real property.

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