Bullet Loan – David Reecher Any loan that requires a balloon payment at the end of the term and anticipates that the loan will be refinanced in order to meet the balloon payment obligation. Davi...Read More
Buydown – David reecher A buydown is a mortgage-financing technique with which the buyer attempts to obtain a lower interest rate for at least the first few years of the mortgage, but possibly i...Read More
Absentee Owner – David Reecher An individual who owns a piece of real estate but does not live in it. An absentee owner may also be an entity such as a corporation or real estate investment trus...Read More
Tip #1: Post photos of your house on sites – Posting your listing online directories can help improve your chances of selling fast. Nearly all buyers check online for houses, so don’t get left b...Read More
Abstract of Title – David Reecher A brief history of the titles for a piece of land. The abstract of title lists all of the legal actions that have been performed or used in conjunction with a p...Read More
Accelerated Amortization – David Reecher Extra payments made towards paying down a mortgage principal. With accelerated amortization, the loan borrower is allowed to add additional payments to t...Read More
Adjustment Frequency – David Reecher The frequency at which interest rate changes or resets on an adjustable-rate mortgage occur. Different adjustable-rate mortgages have different adjustment fr...Read More
Tenancy by the Entirety – David Reecher A special type of real estate ownership that is reserved for married couples. The law considers the marital unit to be the owner and both spouses have a...Read More
Tenancy in Common – David Reecher A type of ownership in which two or more people have an undivided interest in property, without the right of survivorship. Upon death of one of the owners, his ...Read More
David Reecher writes: If you or someone you know is being weighed down by an unmanageable mortgage, the key to getting through is educating yourself on the options. Unfortunately, there is so much inf...Read More
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