Homeowners’ Association – David Reecher A nonprofit association that manages the common areas of a planned unit development (PUD) or condominium project. In a condominium project, it has n...Read More
Home Inspection – David Reecher A thorough inspection by a professional that evaluates the structural and mechanical condition of a property. A satisfactory home inspection is often included as ...Read More
Home Equity Conversion Mortgage (HECM) – David Reecher Usually referred to as a reverse annuity mortgage, what makes this type of mortgage unique is that instead of making payments to a lender, ...Read More
Government National Mortgage Association (Ginnie Mae) – David Reecher A government-owned corporation within the U.S. Department of Housing and Urban Development (HUD). Created by Congress on Sep...Read More
Government Loan (mortgage) – David Reecher A mortgage that is insured by the Federal Housing Administration (FHA) or guaranteed by the Department of Veterans Affairs (VA) or the Rural Housing Se...Read More
401(k)/403(b) loan – David Reecher Some administrators of 401(k)/403(b) plans allow for loans against the monies you have accumulated in these plans. Loans against 401K plans are an acceptable s...Read More
401(k)/403(b) – David Reecher An employer-sponsored investment plan that allows individuals to set aside tax-deferred income for retirement or emergency purposes. 401(k) plans are provided by em...Read More