Meaning of a pending status Buying a house is always stressful and time-consuming. Without proper guidance and know-how skills, you may not be able to […]
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What is PITI? PITI stands for principal, interest, taxes, and insurance, according to Personal Capital. The combination of these four elements makes up the total
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What does offer and acceptance mean? Buying and selling a house can be very frustrating. Everyone involved in the process takes a break only after
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What does negative amortization mean? A negative amortization loan is a loan that lets the borrower makes a minimum payment that does not cover the
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What does new construction mean? New construction refers to the building that was recently built and has not previously been occupied, according to Redfin. New
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What is a notice of default? A notice of default is a letter from the moneylender addressed to the borrower after failing to make their
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What does net proceeds mean? The net proceeds are the amount of money a seller of an asset keeps after all expenses are paid off.
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What is NAR? The National Association of REALTORS® a.k.a NAR is an organization that is formed by real estate agents, REALTORS®, brokers, and other real
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What does mutual acceptance means? Mutual acceptance is the agreement between a buyer and the seller of a house about the prices, terms, and conditions
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What does multi-family mean? A multi-family property is a building with multiple units. These properties can have one owner or may. The following are some
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