AJAX progress indicator
  • The round screened screw-on tip of a sink spout. It mixes water and air for a smooth flow. Read More
  • The value of real estate having regard to the effect of blight or damage to the real estate for whatever reason and normally due to planning(...) Read More
  • Housing governed by a federal or state agency with an aim to help people and control their rent when they meet certain criteria. Read More
  • After Repair Value (ARV) is an estimate of a property's value after it's repaired. This serves as a proxy for the market value of the price. The(...) Read More
  • Individuals who have a legal basis to act on behalf of another person. Read More
  • Aggregate can be made up of sand, gravel, or crushed rock. It is used to create a strong foundation by being mixed into concrete. Read More
  • Contract signed by buyer and seller stating the terms and conditions under which a property will be sold. Read More
  • An electric current that periodically reverses direction and changes its magnitude continuously with time in contrast to direct current which(...) Read More
  • The area between insulation facing and interior of exterior wall coverings. Normally a 1" air gap. Read More
  • A recessed area in a room. Read More
  • This is a rate that includes the insurance premium, and at least some part of the cost of the title search, examination and the cost of(...) Read More
  • An amount of money, or budget, captured within the construction contract that is set aside for expenses that will arise during the course of the(...) Read More
  • Alterations are additions or improvements made to homes through contractors or DIY work. This can include any task, from rearranging furniture(...) Read More
  • A method of documenting a loan file that relies on information that the borrower is likely to be able to provide instead of waiting on(...) Read More
  • A type of paint with a metallic-looking finish. This finish comes from aluminum particles contained within the paint base. Read More
  • Material and immaterial features of a given property that increase its value or make it more desirable. Read More
  • The national trade association for the title insurance industry. ALTA member companies include businesses that conduct your closing and issue(...) Read More
  • The Americans with Disabilities Act (ADA) explains accessibility guidelines for building design. Read More
  • An accounting technique used to periodically lower the book value of a loan or an intangible asset over a set period of time. Concerning a loan,(...) Read More
  • A timetable for payment of a mortgage showing the amount of each payment applied to interest and principal and the remaining balance. Read More
  • The unit of measurement of electrical current as it moves through a conductor. Read More
  • A shut-off valve that connects the water pipes within the wall to the fixtures (faucet, toilet, etc.) on the exterior of the wall. Read More
  • The depreciation of the asset in the recently finished fiscal year in dollar amount. Read More
  • This is the amount an investor is allowed to deduct or write off in taxes every year based on the depreciation of a property. It includes costs(...) Read More
  • The cost of a loan or other financing as an annual rate. The APR includes the interest rate, points, broker fees and certain other credit(...) Read More
  • This is the period of time that an investor anticipates holding each home before looking to liquidate the property. Financing terms are often(...) Read More
  • A rented residential unit that is part of one (or several) residential buildings, or a separate dwelling within a house with its own entrance,(...) Read More
  • The individual or entity who applies for a real estate loan Read More
  • An initial statement of personal and financial information required to apply for a loan. Read More
  • The fee that a mortgage lender or broker charges to apply for a mortgage to cover processing costs. Read More
  • An estimated value of property from analysis of facts about the property; an opinion of value. Read More
  • A fee charged by a licensed, certified appraiser to render an opinion of market value as of a specific date. This fee is paid to the outside(...) Read More
  • An independent 3rd party that provides real estate valuation services to residential mortgage lenders. Read More
  • Appraised value is the evaluation of a property’s value. A professional appraiser is typically hired by during the mortgage origination process(...) Read More
  • A professional who conducts an analysis of the property, including examples of sales of similar properties in order to develop an estimate of(...) Read More
  • An increase in the market value of a home due to changing market conditions and/or home improvements. Read More
  • An apprentice is a construction professional (e.g., plumber or electrician in the making) who is training and working under the supervision of a(...) Read More
  • This is the vertical trim board under a window. Read More
  • A process where disputes are settled by referring them to a fair and neutral third party (arbitrator). The disputing parties agree in advance to(...) Read More
  • A licensed professional who designs buildings or assists in the renovation and planning of commercial or residential spaces, oversees and(...) Read More

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