- Industry: Real estate
- Number of terms: 9847
- Number of blossaries: 0
- Company Profile:
Century 21 Real Estate LLC is a real estate agent franchise company founded in 1971. The Century 21 System consists of over 7,800 independently owned and operated offices. Century 21 has offices in all 50 states and in more than 67 countries and territories.
The ratio, expressed as a percentage, which results when a borrower's housing expenses are divided by his or her gross monthly income.
Industry:Real estate
That portion of a borrower's monthly payments held by the lender or service to pay for taxes, hazard insurance, mortgage insurance, lease payments, and other items as they become due. Also known as reserves.
Industry:Real estate
The initial rate quoted usually is a lower introductory rate, sometimes called a teaser or discount rate. This lower rate lasts only until the first adjustment, after which you will be charged the fully indexed rate.
Industry:Real estate
A lease where the lessee has the option to purchase the leased property. The terms of the purchase option must be set forth in the lease.
Industry:Real estate
Life time cap governs the maximum amount the interest rate increase or decrease over the life of the loan.
Industry:Real estate
An agreement between a homeowner and a licenced real estate broker that authorises the broker to market the property for sale during a given time period.
Industry:Real estate
A fee charged by the lender for evaluating, preparing and submitting a proposed mortgage loan.
Industry:Real estate
The ratio of a mortgage loan principal to the property's appraised value or its sales price, whichever is lower. Loan-to-value ratios vary depending upon the individual lender's policy.
Industry:Real estate
A commitment made by a lender to make a mortgage loan at a specified rate, pending loan approval, on or prior to a specified date.
Industry:Real estate
The highest price, estimated in terms of money, which real estate property will bring if exposed for sale in the open market.
Industry:Real estate
