- Industry: Real estate
- Number of terms: 2794
- Number of blossaries: 0
- Company Profile:
Coldwell Banker is a large real estate franchise founded in 1906 in San Francisco. Coldwell Banker has an international presence, with offices on six continents, 46 countries and territories. There are more than 600 Coldwell Banker offices outside of the United States.
Monthly payments fail to cover the cost of the interest on a loan, which is then added to the principal balance. As a result, a borrower could owe more than at the beginning of the loan even after making several payments.
Industry:Real estate
Less formal that pre-approval, pre-qualification usually means a written statement from a loan officer indicating his or her opinion that the borrower will be able to become approved for a mortgage loan.
Industry:Real estate
Any areas, such as entryways, foyers, pools, recreational facilities or the like, which are shared by the tenets or owners of property near by. Commonly found in condominium, PUD or office spaces.
Industry:Real estate
A subsection of a municipality that has been designated by a developer, economic forces or physical formations.
Industry:Real estate
A method of taxing real property transfers. State law requires that a tax be paid prior to recording a deed.
Industry:Real estate
The interest rate that banks and other lending institutions charge other banks or preferred customers.
Industry:Real estate
As opposed to statute law. Laws that have been established by custom, usage and courts over many years.
Industry:Real estate
The evolution of neighbourhood use and demographics over time. Economic fluctuations, municipal zoning changes and population shifts can effect the life cycle.
Industry:Real estate
An amount paid in cash for a property, with the intent to mortgage the remaining amount due.
Industry:Real estate
1. The amount of debt, not including interest, left on a loan. 2. The face amount of the mortgage.
Industry:Real estate
