by Myers Jackson | Dec 31, 2024 | Auction News
Inflation An increase in prices. Real estate words and definition CLICK THIS BUTTON For other words and definitions related to real estate auctions CLICK THIS BUTTON For all active auctions, and properties for sale CLICK THIS BUTTON Contact Get InTouch Email:...
by Myers Jackson | Dec 31, 2024 | Auction News
Individual Retirement Account (IRA) A tax-deferred plan that can help you build a retirement nest egg. Real estate words and definition CLICK THIS BUTTON For other words and definitions related to real estate auctions CLICK THIS BUTTON For all active auctions,...
by Myers Jackson | Dec 31, 2024 | Auction News
Index A number used to compute the interest rate for an adjustable-rate mortgage (ARM). The index is generally a published number or percentage, such as the average interest rate or yield on U.S. Treasury bills. A margin is added to the index to determine the interest...
by Myers Jackson | Dec 31, 2024 | Auction News
Income Property Real estate developed or purchased to produce income, such as a rental unit. Real estate words and definition CLICK THIS BUTTON For other words and definitions related to real estate auctions CLICK THIS BUTTON For all active auctions, and...
by Myers Jackson | Dec 31, 2024 | Auction News
Hybrid Loan An adjustable-rate mortgage (ARM) that offers a fixed rate for an initial period, typically three to ten years, and then adjusts every six months, annually, or at another specified period, for the remainder of the term. Real estate words and...
by Myers Jackson | Dec 31, 2024 | Auction News
HUD-1 Settlement Statement A final listing of the closing costs of the mortgage transaction. It provides the sale price and down payment, as well as the total settlement costs required from the buyer and seller. Real estate words and definition CLICK THIS...
