In today
This blog contains daily post of real estate terms to assist you in buying or selling Hernando County Real Estate. Remember this page or create a shortcut to check for new terms posted each day.
Negative amortization – The situation occurs when a borrower’s monthly payment is not large enough to cover both the principal and interest of a loan. As a result, the outstanding balance of the loan actually grows larger with each payment rather than smaller. Most fixed rate loans are not subject to negative amortization, but many adjustable rate loans are not subject to negative amortization, but many adjustable rate mortgages are susceptible.
and
Conditional commitment – A promise by a lender to make a loan if the borrower meets certain conditions.
Serving the communities of
Johnson County, Townships of, Blue River Township, Clark Township, Franklin Township, Hensley Township, Needham Township, Nineveh Township, Pleasant Township, Union Township, White River Township
The real estate terms can also be found at Indianapolis Real Estate Glossary Terms. The terms will assist you in becoming more comfortable in the process of buying or selling your next home in Indianapolis.
Serving the cities of
Anderson, Avon, Brownsburg, Carmel, Danville, Fishers, Franklin, Geist
As a licensed REALTOR with EDU Real Estate Group in Indianapolis, Indiana. I offer a buyer rebate when you purchase your next home using my services.
Chris Frantz
EDU Real Estate Group
7117 US 31 south Indianapolis, IN 46227
Indianapolis Real Estate
Serving the Communities of Carmel Real Estate
Serving the Communities of Greenwood Real Estate
