This is the final installment of our series on understanding real estate terminology. I hope that you have found this series to be useful and beneficial. • Principal is the amount of money that you borrow. Every time you make a payment on your … [Read more...]
Understanding Real Estate Terminology Part 4
October 26, 2008 By 2 Comments
And now, the latest installment of definitions to help you understand the myriad of real estate terminology. • Home Equity Loans are a line of credit that is secured for the purpose of buying a home. This is a first registered mortgage over … [Read more...]
Understanding Real Estate Terminology Part 3
October 25, 2008 By 2 Comments
Now we will continue with a look at common real estate words and what they mean. • Easement is the right to use some or all of the land that is owned by someone else for specific purposes. For instance if there is a river that borders your … [Read more...]
Understanding Real Estate Terminology Part 2
October 23, 2008 By 3 Comments
In this post you we will explore some more real estate terminology to help guide you through the world of real estate with a better understanding of what all those phrases mean. • Capital Gain is the tax that you have to pay on any capital gain … [Read more...]
