Real Estate Glossary – U
U.S. Department. of Housing and Urban Development (HUD) – The federal agency overseeing the Federal Housing Administration and various other housing and community development programs.
Underwriting – The process of evaluating a loan application to determine the risk involved for the lender. Underwriting involves an analysis of the borrower’s creditworthiness and the quality of [...]
Real Estate Glossary – V
VA Mortgage – A mortgage that is guaranteed by the Department of Veterans Affairs (VA). Also known as a government mortgage. Valuation – The estimated worth or price of something. An appraisal is an act of valuation.
Variable Interest Rate – The amount of interest charged by the lender, that is allowed to vary [...]
Real Estate Glossary – W
Waiver – The voluntary surrender or renunciation of a claim, right or privilege.
Warehouse Fee – A closing-cost fee showing the lender’s cost of holding a borrower’s loan before they sell it on the secondary mortgage market.
Warranty Deed – A deed that has a covenant that; the grantor will protect the grantee against [...]
Real Estate Glossary – Z
Zero Lot Line -Â A cluster housing development in which individual houses are placed on separately platted lots, but the lots are attached to each other.
Zoning – The legal mechanism for local governments to regulate the use of privately owned real estate to prevent conflicting land uses(ex: houses next to skyscraper) and promote [...]
How Do I Generate Motivated Buyer & Seller Leads?… MARKETING!!
Establish Your Business'"Home Base" With a Home Buying Website
One of the most important parts of Real Estate Investing is finding people that want to sell you their house and then explaining to them how you can help them. Many investors simply put out signs, fliers, postcards, or ads that tell people to call them. These things are all great for getting calls but [...]
Investing in Real Estate Easily with Private Money Lending
In this economy many investors are looking for an alternative to the stock market and it is surprising that so few investors are familiar with private money lending as a way to invest in real estate. Private money lending is a very safe and easy way to get very healthy returns on your investment.
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