The Sibley Group has a team of Realtors to meet all of your real estate needs throughout the New Orleans Metropolitan area. We have agents that specialize on the Northshore and Southshore, including New Orleans, Slidell, Metairie, Covington, Mandeville, Pearl River, and Lacombe.
List of mortgage- and finance-related terms and definitions.. to protect the seller from losing valuable marketing time during the real estate negotiation period. If a buyer has a house on the market, the seller will accept that buyer's offer.. Graduate payment mortgage, A home loan where the payments start out smaller and.
Variable-Rate Mortgage: Any real estate loan in which the interest rate varies over time according to a prescribed formula or set of conditions; usually changes in economic conditions. (Also known as an adjustable-rate mortgage).
Understanding Mortgage Lingo: A Real Estate Glossary of Terms. Earnest money is typically 1% to 3% of the sale price, deposited via cashier’s check, personal check, or wire transfer one to three days after the seller accepts the final offer. Equity – The amount of a property’s value that the owner actually owns.
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. reason for the promoters moving away from real estate is Indiabulls Group’s big plans in the financial services space. The highly capital-intensive real estate industry is going through a very.
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Mortgage: A written instrument creating an interest in real estate and that provides security for the performance of a duty or the payment of a debt. The borrower (i.e., mortgagor) retains possession and use of the property.
How Do You Actually Get the Advertised Mortgage Rates? – New Florida Mortgage A reverse mortgage is a type of home loan that lets you convert a portion of the equity in your house into cash. With regular mortgages, borrowers make monthly payments to pay down the debt. With reverse mortgages, lenders pay borrowers and the debt increases over time.
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In the real estate industry, a Broker is a real estate broker has to be licensed by the State. A real estate broker either oversees a group of agents working with him/her, or can act as a Real estate agent working direct with the public: Cloud on Title: A condition revealed in a title search that negatively affects the title to the real estate.