The right to use the land of another for a specific purpose.
The greatest possible interest a person can have in real estate. Arranges financing for a borrower by placing loans with lenders. Stamps affixed to a deed showing the amount of transfer tax. The termination or due date on which final payment on a loan must be paid in full. The interest rate that banks charge to their preferred customers. The amortization term is expressed as a number of months.
Created by a lease for a fixed term, such as 6 months, 2 years, etc. The percentage of an amount of money which is paid for its use for a specified time. Charging more than the legal rate of interest for the use of money. The fully indexed rate = value of the index + margin. State organization which makes loans available to qualified parties. Each discount point is equal to one percent of the loan amount. The amount of debt, not counting interest, left on a loan. The maximum amount that you can borrow under a home equity plan. Value added to a property due to improvements made personally by the owner.
The borrowers gross income minus federal income tax. Normally this rate will be lower than prevailing fixed market rates. Any amount paid to reduce the principal balance of a loan before the due date. The final payment on an obligation that is larger than a regular installment payment. An interest rate which does not change during the loan term. One in which the tenant pays all operating expense of the property. The remaining balance due on a debt, exclusive of accrued interest. Stamp affixed to a deed showing the amount of transfer tax. Negative Amortization Occurs when your monthly payments are not large enough to pay all the interest due on the loan.