AJAX progress indicator
  • All debt and equity sources combined that were used to fund an investment in real estate. Read More
  • Or "Cap Rate". A method used to predict the rate of return from an investment property with objective to assess the property's potential and(...) Read More
  • The mortgage interest rate will not exceed a specified value during a certain period of time, but it will fluctuate up and down below that level. Read More
  • Consumer safeguards that limit the amount monthly payments on an adjustable-rate mortgage may change. Since they do not limit the amount of(...) Read More
  • An individual who possesses wood craftsmanship. Read More
  • Carpeting is a floor covering made of thick woven fabric, such as nylon, polyester, or natural wool. Read More
  • When an investor purchases a property to rehab, they must factor carrying costs into their list of expenses. These are the expenses incurred(...) Read More
  • Frames of wood or metal enclosing part (or all) of a window sash. May be opened by means of hinges affixed to the vertical edges. Read More
  • A single-window unit, the casement window is usually hinged on the side, and opens outward. Read More
  • When a home buyer offers a seller the entire cost of the house, with no mortgage or any other type of financing involved. These offers are often(...) Read More
  • The amount of money that is coming in and going out on a rental property. Positive cash flow means that more money is being earned than spent,(...) Read More
  • The annual before-tax cash flow of an investment expressed as a percentage of the initial cash invested. Read More
  • A loan or refinance transaction in which the borrower receives additional funds over and above the amount needed to repay the existing mortgage,(...) Read More
  • A requirement of many lenders that buyer have sufficient cash remaining after closing to make the first two mortgage payments and/or some amount(...) Read More
  • Liquid assets that are readily available to be used to pay the closing costs for a mortgage transaction. Read More
  • Or "Bank Check". A check whose payment is guaranteed because it was paid for in advance and is drawn on the bank's account instead of the customer's. Read More
  • The trim or molding that forms the frame around doors and windows. Read More
  • A ceiling that follows the underside of the roof or rafters, creating a sloped surface. Many home designs with great rooms will have cathedral(...) Read More
  • A tool similar to a small crowbar; used in small workspaces, or tight areas. Read More
  • Caulk is used to fill gaps. It is a flexible material that is designed to stretch before hardening during the drying process. Read More
  • A notice on title proclaiming a possible interest other than that of an owner. Read More
  • The maximum allowable interest rate of an adjustable-rate mortgage. Read More
  • A wood or steel beam positioned horizontally between the top sides of the wall frame. Finished ceiling material and rafters are nailed to these(...) Read More
  • Cement is the adhesive element of concrete. Read More
  • Sometimes called cement backer board or a glass mesh mortar unit; made specifically for use under ceramic tile. Read More
  • A fire or glazed clay tile is used for flowing, showers, and/or walls. Read More
  • A document issued by the U.S. Department of Veterans Affairs (VA) certifying a veteran’s eligibility for a VA-guaranteed mortgage loan. Read More
  • A document issued by a local government agency or building department certifying a building's compliance with applicable building codes and(...) Read More
  • An appraisal issued by the Veterans Administration showing the property's current market value. Read More
  • In areas where attorneys examine abstracts or chains of title, a written opinion, executed by the examining attorney stating that title is(...) Read More
  • Beginning with a conveyance out of an original source of title such as a government, each succeeding deed, will or other medium which conveys(...) Read More
  • Interior trim material installed about 3-4 feet up the wall, horizontally. Read More
  • A line made by snapping a taut string or cord dusted with chalk. Used for alignment purposes. Read More
  • The tendency of some exterior paints to slowly erode over a period of time. Read More
  • Modifications made to a project during construction or alterations to the terms of the renovation contract that need to be approved by the homeowner. Read More
  • A framed enclosed space around a flue pipe or a channel in a wall, or through a ceiling for something to lie in or pass through. Read More
  • To install fiberglass insulation around all exterior door and window frames, wall corners, and small gaps in the exterior wall. Read More
  • A manufactured wood panel made out of 1"to 2" wood chips and glue. Often used as a substitute for plywood in the exterior wall and roof sheathing. Read More
  • A hollow concrete brick . Read More
  • The path of electrical flow from a power source through an outlet and back to ground. Read More

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