- Industria: 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 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
The outstanding balance of principal on a mortgage. Does not included interest due.
Industry:Real estate
A single-story house style made popular in New England. Often characterised by a steep roof with gables.
Industry:Real estate
The most common constituents of a monthly mortgage payment.
Industry:Real estate
Insurance issued to a lender to protect it against loss on a defaulted mortgage loan. Its use is usually limited to loans with high loan-to-value ratios, generally in excess of 80%. The borrower pays the premiums.
Industry:Real estate
The cost of an improvement made to extend the useful life of a property or to add to its value.
Industry:Real estate
The rights or interests a person has in the thing owned; not, in the technical sense, the thing itself. These rights include the right to possess, to use, to encumber, to transfer and to exclude, commonly called the "bundle of rights."
Industry:Real estate
Refinancing a mortgage at a higher amount than the current balance in order to transform a portion of the equity into cash.
Industry:Real estate
