by Myers Jackson | Dec 31, 2024 | Auction News
Market Value The current value of your home based on what a purchaser would pay. An appraisal is sometimes used to determine market value. Real estate words and definition CLICK THIS BUTTON For other words and definitions related to real estate auctions CLICK...
by Myers Jackson | Dec 31, 2024 | Auction News
Margin A percentage added to the index for an adjustable-rate mortgage (ARM) to establish the interest rate on each adjustment date. Real estate words and definition CLICK THIS BUTTON For other words and definitions related to real estate auctions CLICK THIS...
by Myers Jackson | Dec 31, 2024 | Auction News
Manufactured Housing Homes that are built entirely in a factory in accordance with a federal building code administered by the U.S. Department of Housing and Urban Development (HUD). Manufactured homes may be singleor multi-section and are transported from the factory...
by Myers Jackson | Dec 31, 2024 | Auction News
Low-Down-Payment Feature A feature of some mortgages, usually fixed-rate mortgages, that helps you buy a home with a low down payment. Real estate words and definition CLICK THIS BUTTON For other words and definitions related to real estate auctions CLICK THIS...
by Myers Jackson | Dec 31, 2024 | Auction News
Lock-In Rate A written agreement guaranteeing a specific mortgage interest rate for a certain amount of time. Real estate words and definition CLICK THIS BUTTON For other words and definitions related to real estate auctions CLICK THIS BUTTON For all active...
