|
| Home Loan Rate |
|
Menu
|
Free Classifieds and Advertising for Individuals and Businesses at www.KeepSane.com
MONUMENTS Visible markers, both natural and artificial objects, which are used to establish the lines and boundaries of a survey. POINTS (OR DISCOUNT POINTS) Points are an up-front fee paid to the lender at the time that you get your loan. Each point equals one percent of your total loan amount. Points and interest rates are inherently connected: in general, the more points you pay, the lower the interest rate you get. However, the more points you pay, the more cash you need up front since points are paid in cash at closing. SALE AND LEASEBACK A transaction in which, typically, an owner sells his improved property and as part of the same transaction signs a long-term lease and remains in possession. YEAR-TO-YEAR TENANCY A periodic tenancy in which the rent is reserved from year to year. COVENANT A written agreement or promise of two or more parties by which either pledges to perform or not to perform specified acts on a property, or which specifies certain uses or non-uses of the property. RENT Fixed periodic payment made by a tenant or occupant of property to the owner for the possession and use thereof, usually by prior agreement of the parties. RECORDING FEE Money paid to an agent for entering the sale of a property into the public records. |
Copyright © 2004-2005 | www.WeWillBuyYourHouseFast.com | Privacy Policy |