Lock-in Period – David Reecher Period of time during which a lender guarantees to the buyer, a specified interest rate, regardless of a rise in market rates. The longer the time period of the guaran...Read More
Location, Location, Location – David Reecher A popular expression is that the three most important things about real estate are location, location, location meaning that the geographical location of...Read More
Margin – David Reecher 1. A constant amount added to the value of the index for the purpose of adjusting the interest rate on an adjustable rate mortgage.2. Percentage added to the index of a loan a...Read More
Liquidation Price – David Reecher Cash value or other consideration that can be received in a forced sale of assets. Liquidation value is typically less than that which could be received from sellin...Read More
Limited Partnership – David Reecher A partnership in which there is at least one partner who is passive and limits liability to the amount invested (limited partner) and at least one partner whose l...Read More
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