What is Price/Square Foot ($/Sq. Ft.)? – David Reecher This is the list or sale price of a home divided by the number of finished square feet. It determines how much a buyer will pay for a squar...Read More
What is pre-qualification? – David Reecher Pre-qualification is an informal estimate of how much a buyer can afford to borrow for a mortgage. The main difference between pre-qualification and&nb...Read More
What is a pre-payment penalty? – David Reecher A pre-payment penalty is a fee that a lender charges a borrower for paying off a loan early or refinancing. The pre-payment penalty amount is ...Read More
What is a Planned Unit Development (PUD)? – David Reecher A Planned Unit Development (PUD) is a housing development not subject to standard zoning requirements for the area. With permission from...Read More
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