Real Estate

Short sale is the sale of the property at a price lower than the money owed to the lender. When a financially distressed borrower is […]

What is foreclosure? Foreclosure is a process by which the mortgage provider takes over the property, evicts the owner and sells it. This happens after

What is closing costs? Closing costs involve fees and mandatory charges in order to make the mortgage finalization and a real estate transaction a success.

What is a listing? Listings is a term used in real estate to represent homes that are listed for sale. In order words, a home

What is a pre-approval letter? A pre-approval letter is a letter you get from a bank and other money lenders that states the amount of

The Annual Depreciation Allowance of an asset is the depreciation of an asset and how much an investor is allowed to write off every year

The Annual Percentage Rate (APR) of a mortgage or a loan, is the interest debtors pay on their loans. This interest is expressed as a

A Fixed Rate Mortgage is a mortgage with interest that stays the same for the duration of the mortgage. These mortgages usually have term options

The adjustable-rate mortgage is the mortgage without a fixed interest rate. The interest varies as the benchmark of interest rates changes. This is opposed to

There are usually two agents in a real estate transaction. The first agent represents the buyer and he/she is called the buyer’s agent. The second