|
| Orlando Florida Mortgage Rate |
|
Menu
|
Free Classifieds and Advertising for Individuals and Businesses at www.KeepSane.com
SECONDARY MORTGAGE MARKET A market for the purchase and sale of existing mortgages, designed to provide greater liquidity for mortgages; also called secondary money market. PROPERTY MANAGEMENT That aspect of real estate devoted to the leasing, managing, marketing and overall maintenance of the property of others. IMPROVED LAND Real property whose value has been enhanced by the addition of on-site and off-site improvements such as roads, sewers, utilities, buildings, etc.; as distinguished from raw land. GROSS LEASE A lease of property under which the lessee pays a fixed rent, and the lessor pays the taxes, insurance, and other charges regularly incurred through ownership. AMORTIZATION The gradual repayment of a debt by means of systematic payments of principal and interest over a set period, where at the end of the period there is a zero balance. ACRE A measure of land equaling 43,560 square feet; 4,840 square yards; 160 square rods. VARIABLE RATE Interest rate that changes periodically in relation to an index. DUPLEX A structure that provides housing accommodations for two families by having separate entrances, kitchens, bedrooms, lanais, living rooms and bathrooms. A two-family dwelling. UNDERWRITING In mortgage lending, the process of determining the risks involved in a particular loan and establishing suitable terms and conditions for the loan. |
Copyright © 2004-2005 | www.WeWillBuyYourHouseFast.com | Privacy Policy |