|
| Houston Mortgage Rate |
|
Menu
|
Free Classifieds and Advertising for Individuals and Businesses at www.KeepSane.com
CAPITALIZATION A mathematical process for converting net income into an indication of value, commonly used in the income approach to appraisal. MORTGAGEE The one who receives and holds a mortgage as security for a debt; the lender; a lender or creditor who holds a mortgage as security for payment of an obligation. TOWNHOUSE A type of dwelling unit normally having two floors, with the living area and kitchen on the base floor and the bedrooms located on the second floor. POINT OF BEGINNING The starting point in a metes and bounds description of property, which is usually a street intersection or a specific monument. PERFORMANCE BOND A bond, usually posted by one who is to perform work for another, which assures that a project or undertaking will be completed as per agreement or contract. LETTER OF CREDIT An agreement or commitment by a bank("issuer") made at the request of a customer ("account party")that the bank will honor drafts or other demands of payment from third parties ("beneficiaries") upon compliance with the conditions specified in the letter of credit. |
Copyright © 2004-2005 | www.WeWillBuyYourHouseFast.com | Privacy Policy |