Owner Occupant

Posted on July 18, 2019 by davidreecher

Owner Occupant – David Reecher A resident of a property who also holds the title to that property.... Read More

Origination Fee

Posted on July 18, 2019 by davidreecher

Origination Fee – David Reecher A fee charged by a lender on entering into a loan agreement to cover the cost of processing the loan.... Read More

Offer to buy

Posted on July 18, 2019 by davidreecher

Offer to buy – David Reecher A buyer makes an offer to buy a house with a contract. The contract lists all the terms, financing, and contingencies. The offer means nothing unless ... Read More

New Construction

Posted on July 18, 2019 by davidreecher

New Construction – David Reecher Refers to site preparation for, and construction of, entirely new structures whether or not the site was previously occupied.... Read More

Multifamily

Posted on July 18, 2019 by davidreecher

Multifamily – David Reecher A multifamily or multi-unit property has more than one unit on the same property. An apartment complex or a duplex could be multifamily if they are on ... Read More

Mortgage Broker

Posted on July 17, 2019 by davidreecher

Mortgage Broker: – David Reecher A mortgage broker is a lender who can shop loans from multiple banks. Sometimes a mortgage broker can get a better deal for buyers by checking with differen... Read More

Mortgage

Posted on July 17, 2019 by davidreecher

Mortgage – David Reecher A type of loan used to buy houses with a portion of the payment going towards interest and principal each month. Money may also be collected every month for property tax... Read More

MLS

Posted on July 17, 2019 by davidreecher

MLS – David Reecher Multiple Listing Service (MLS), is a marketing database set up by a group of cooperating real estate brokers. It also is a mechanism for listing brokers to offer compensation... Read More

Mixed Use Real Estate

Posted on July 17, 2019 by davidreecher

Mixed Use Real Estate – David Reecher Properties that are used for a variety of uses, usually residential and commercial.... Read More

Material Fact

Posted on July 17, 2019 by davidreecher

Material Fact – David Reecher A fact that, if known, might have caused a buyer or seller of real estate to make a different decision with regards to remaining in a contract or to the price paid ... Read More