The annual rate of interest on a loan, expressed as a percentage of 100.
All parties involved in a real estate transaction with no personal interest in the transaction or other involved persons. Please use the slider below to select from available point options. Not to be confused with the annual percentage rate A. Equity created by a purchaser performing work on a property being purchased. Arbitration can be binding in which case there is no appeal, or non-binding, in which an appeal may be possible. Insurance that compensates for physical property damage resulting from flooding. Sources of revenue such as salary, bonuses, interest, investment income, etc.
An increase in value due to changes in market conditions or other causes. Payoff off a debt in installments which includes both principal and interest. The penalty a borrower must pay when a payment is made after the due date. The conversion of a rental apartment building to individually owned units. The ownership interest of an individual in real property. The minimum payment due each month is interest only. It is often higher than the interest rate because it incorporates prepaid finance charges that are not interest. The original balance of money lent, excluding interest.