Legal Definitions

Score Higher on the LSAT & BAR Exam Today!

Category: Real Estate Law (page 2 of 3)

What are Closing Costs?

Home » Real Estate Law » Mortgages » What are Closing Costs?

Closing costs are the various fees associated with buying or selling a home. Both the buyers and sellers

Read More

What is a Mortgage Broker?

Home » Real Estate Law » Mortgages » What is a Mortgage Broker?

A mortgage broker assists borrowers by arranging financing and locating a lender. They are licensed, financial professionals

Read More

What is a Fixed Rate Mortgage?

Home » Real Estate Law » Mortgages » Fixed Rate Mortgage

With a fixed rate mortgage, the interest rate is set, or locked in, when the mortgage is taken out

Read More

What are Mortgage Down Payments?

Home » Real Estate Law » Mortgages » Mortgage Down Payments

Most mortgages generally require down payments as a firm commitment from the buyer to the lender of the buyer’s

Read More

What is a Mortgage Escrow Account?

Home » Real Estate Law » Mortgages » Mortgage Escrow Account

A mortgage escrow accounts is an account set up specifically by the lender pay for property taxes, insurance premium.

Read More

What is Home Refinancing?

Home » Real Estate Law » Home Equity » Home Refinancing

When you refinance your home, you are taking on a new mortgage to replace an old one. When interest

Read More

What is an Adjustable Rate Mortgage?

Home » Real Estate Law » Mortgages » Adjustable Rate Mortgage

With an adjustable rate mortgage, the interest rates fluctuates. ARMs are tied to a number of indexes, usually published

Read More

What is a Balloon Mortgage?

Home » Real Estate Law » Mortgages » Balloon Mortgage

A balloon mortgage if it can be obtained can be a very risky way to finance a piece of property.

Read More

What is For Sale by Owner?

Home » Real Estate Law » For Sale by Owner

It is possible to avoid paying out real estate commission to a broker by selling your property directly. This is

Read More

What is a Home Equity Line of Credit?

Home » Real Estate Law » Home Equity » Home Equity Line of Credit

A Home Equity Line Of Credit is a kind of revolving credit (credit available repeatedly up

Read More
Older posts Newer posts

© 2018 Legal Definitions

Theme by Anders NorenUp ↑