Glossary of Real Estate Industry Terms » Mortgage Masters Group

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BIWEEKLY MORTGAGE. A mortgage where you make "half payments" every two weeks, rather than one payment per month. This results in making the equivalent of 13 monthly payments per year, rather than 12, significantly reducing the time it takes to pay off a thirty year mortgage.

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A Mortgage Broker is the real estate professional who represents an array of banks seeking to issue mortgages. This person meets with a customer, assists with the mortgage application and effectuates the mortgage process on behalf of the borrower and the bank.

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REAL ESTATE GLOSSARY ( A – Z) A. Acceleration clause or Acceleration Covenant. A contract provision that empowers a money lender to oblige a borrower to pay back all or part of an outstanding loan upon failing to comply with some agreed upon conditions. An acceleration clause outlines the reasons that the lender can claim loan repayment. Such clauses are also common in mortgages or purchase of real estate in portions.

Top ways to save on your Florida refinance closing and title work There Are Ways To Save On Closings Costs For Your Refinance. If you’re refinancing your mortgage, your Lender will require you to purchase a lender’s title insurance policy. It is important you know that it’s your right to choose the title insurance company. Have us quote your closing costs to see how much you can save.

we received payment in full on our 9.7 million schlitterbahn mortgage note. This payoff was facilitated by Cedar Fair’s purchase of 2 of Schlitterbahn Group’s Texas water parks for $261 million,

The Home Equity Theft Reporter: Water Shutoffs Major Problem For Miami Renters w/ Landlords In F’closure; County To Vote On Rule Change Allowing Tenants’ Payments To Restore Service The problem for locals: More houses, apartments and condos available on home-sharing platforms translates into fewer options for those who live here full time. As Miami-Dade faces a crisis in housing affordability with a 130,000-unit deficit, as many as 13,500 existing units in good condition sit unavailable to the people who need them.

Whether you are thinking about buying or selling a home, the Glossary of Real Esate Terms can provide you with an understanding of a number of common words and terms used in a typical real estate transaction. A few notes about the Glossary of Real Estate Terms: Terms are defined as they are commonly used in the mortgage and real estate industry.

GLOSSARY OF REAL ESTATE TERMS .. Master Plan -A long term plan created by the Planning Board. Clause – A clause which permits the placing of a mortgage at a later date which takes priority over an existing mortgage. Sub-Prime Loans-An industry term used to describe loans with less.

we received payment in full on our $189.7 million Schlitterbahn mortgage note. This payoff was facilitated by Cedar Fair’s purchase of 2 of Schlitterbahn Group’s Texas water parks for $261 million,