M- Median Price A statistical measure often used to measure movements in property prices. The median price is derived by arranging property prices in ascending or descending order and then selecting the middle price. It is not the average. Mortgage The loan which is secured by property. Mortgagee The lender in a mortgage agreement. Mortgage Insurance MI Is the insurance that covers the lender against some of the losses as a result of a default on a home loan. This is usually obligatory on all loans that have a loan-to-value higher than 80 %. The ones above 80% loan-to-value that call themselves "No MI" are usually made at a higher interest rate. N- Note It is a legal document that obligates the borrower to reimburse a mortgage loan at a stated interest rate during a specified period of time. Neutral gearing The interest payable on an investment loan is equal to the in.e received. Negative gearing The interest payable on an investment loan is greater than the in.e received. Note rate The interest rate stated on a mortgage note. O – Owner financing A property purchase transaction in which the property seller provides all or part of the financing. P- Personal property Any type of property that is not real a property. Property Wishlist A wislist which is .pleted by the buyer, so the agent can form the basis in the proerty search procedure for the client. It is the first and most important step in selecting the right property! Principal – Interest Loan A loan where both interest and principal are repaid. Power of attorney The legal document that gives authorisation to another person (lawyer or attorney) that will act on clients behalf. The power of attorney can grant .plete authority, or else can be limited to certain acts for certain periods of time. Private mortgage insurance It is an insurance that is provided by a private mortgage insurance .pany and will protect the lenders against loss if a borrower defaults. Purchase agreement The written contract signed both by the buyer and seller, which contains the terms and conditions under which a property is to be sold/purchased. R- Rental Return The annual rental in.e as a percentage of the value of the property – yield. Real estate agent Is a licensed agent that has the power to negotiate and transact a sale of a property. Realtor A property agent, broker or an associate who has active membership in a local real estate board affiliated with the NA of Realtors. S- Second mortgage A mortgage that has a lien position subordinate to the first mortgage. Stamp duty A state government charge during buying property. Self-Managed Superannuation Fund A type of trust that exists with the sole purpose of funding the beneficiaries retirement. Subordinate financing Any mortgage that has a priority that is lower than the first loan. T- third-party origination A process by which a lender uses another party to .pletely or partially originate, process, underwrite, close, fund, or package the mortgages it plans to deliver to the secondary mortgage market. Trustee An involving trust fiduciary, that has control on the property for the benefit of another. V- Vacancy Rate the entire number of available investment properties as a percentage of the total number of investment properties in a certain area. Variable Rate Loan a credit in which the interest rate varies. Vendor Is the person who owns a property. Mt. Washington: One Of La’s Hot Real Estate Neighborhoods In 2016 By: Tracy King – Let there be no mistake: Homes for sale in Mt. Washington, a hillside region of Northeast Los Angeles, are in high demand by homebuyers seeking views and an artistic, progressive .munity to live in. Tags: Glassell Park: An Up And .ing Real Estate Market By: Tracy King – Glassell Park is a charming .munity sandwiched in the middle of Northeast Los Angeles between several other neighborhoods that have been developed through gentrification. Tags: .mon Mistakes Of First-time Northeast Los Angeles Homebuyers By: Tracy King – So youve decided to buy a home. And youve decided to buy a home in the hot-market area of Northeast Los Angeles where homes in Highland Park and Glassell Park real estate have be.e extremely sought after by homebuyers. Tags: Book Your Dream Home At Mahagun Mywoods In Noida Extension By: Pankaj Finlace – Mahagun Mywoods is grand residential project of Mahagun at Noida Extension. Mahagun Mywoods Noida is launched with 2 new phase mahagun Mywoods phase 2 and mahagun mywoods phase 3. Tags: New Residential Project Nirala Aspire In Noida Extension By: Pankaj Finlace – Nirala Group wel.es you to Nirala Aspire, Noida Extension. Nirala Aspire is the most promising residential project strategically located at tech zone- IV, Gr. Noida. Tags: Artha Serene – Redefine Luxury With Class By: Nishant – Artha Serene is a residential project located in Hoskote, Bengaluru. The project is in an under-construction stage and offered 172 launched plots. Artha Serene is spread over an area of 10 acres and its construction began in June 2016. Tags: Aditya Luxuria Estate Offers You Dream Home Within Your Budget By: Pankaj Finlace – Aditya Luxuria Estate is the premium residential Project at Aditya World City at nh24 Ghaziabad. Aditya Luxuria Estate nh24 brings luxurious homes. Tags: The Luxury Of Living Spacious In Uppal Jade Apartments By: Kamal – Real estate development in Greater Faridabad area, which is across the bypass road on eastern periphery of old Faridabad city, has been done to provide affordable housing to people close to Delhi. This development was ushered in to reduce the population pressure on Delhi and Faridabad city i … Tags: High Prices Of Pune Properties Resale Increases Cost Of Living By: AnujGupta – Amongst various Indian properties many people look to buy resale properties in Pune because of the citys vibrant job market, and favourable weather. People preferred to buy Pune properties resale over other Indian properties as they were more affordable and the cost of living in the city … Tags: Artha Midas Plots- Hoskote, Bengaluru By: Nishant – Artha Midas Plots is launched in the year August 2014 and would be ready for possession by April 2016. The entire project sprawls over an area of 11 acres. The total number of apartments in this project are 164. Tags: 相关的主题文章: