- Industry: Real estate
- Number of terms: 9847
- Number of blossaries: 0
- Company Profile:
Century 21 Real Estate LLC is a real estate agent franchise company founded in 1971. The Century 21 System consists of over 7,800 independently owned and operated offices. Century 21 has offices in all 50 states and in more than 67 countries and territories.
A privilege in a mortgage permitting the borrower to make payments in advance of their due date.
Industry:Real estate
A one-story,detached, home-style dating from the early twentieth century. Often characterized by a low-pitched roof and the use of verandahs.Its exact meaning varies across the world. The term itelf originated in India from the Gujarati and Hindi words used to describe a house 'in the Bengal style'.
Industry:Real estate
Money charged for an early repayment of debt. Prepayment penalties are allowed in some form, but are not necessarily imposed in many states.
Industry:Real estate
Extra money paid in a lump sum to reduce the interest rate of a fixed rate mortgage for a period of time. The extra money may be paid by the borrower, in order to have a lower payment at the beginning of the mortgage. Or paid by the seller, or lender, as incentive to buy the property or take on the mortgage.
Industry:Real estate
The process of determining how much a homebuyer will be eligible to borrow before he or she applies for a loan.
Industry:Real estate
The interest rate that banks and other lending institutions charge other banks or preferred customers.
Industry:Real estate
A clause in a mortgage which allows the lender to demand payment of the outstanding balance at a specific time.
Industry:Real estate
One of the parties to a transaction. For example, the buyer and seller are principals in the purchase of real property. Also the amount of debt, not counting interest, left on a loan.
Industry:Real estate
Associated with Adjustable Rate Mortgages. A limit on how high monthly payments or how much interest rates may change within a certain time period or the life of the mortgage.
Industry:Real estate
