September 15, 2026Real estate taxes apply to land and structures; property taxes is the broader category that can also include personal property…- September 9, 2026The interest rate is the cost of borrowing the principal; APR adds certain lender fees and costs, expressed as a…
- September 4, 2026A short sale is an owner-initiated sale, with lender consent, for less than the mortgage balance; a foreclosure is a…
August 24, 2026A short sale in real estate is the sale of a home for less than the balance owed on its…- August 20, 2026A real estate agent is licensed by a state to represent buyers and sellers; a Realtor is a licensed member…
- August 11, 2026A HELOC is a revolving credit line secured by home equity; a home equity loan is a lump sum repaid…
- August 5, 2026Contingent means the seller accepted an offer but conditions remain unmet; pending means contingencies are satisfied and the sale is…
- July 27, 2026In real estate, contingent means the seller accepted an offer but the sale depends on conditions, called contingencies, being met…
- July 16, 2026The grantor is the party giving away an interest in property; the grantee is the party receiving it. In a…
- July 13, 2026A deed is a physical legal document that transfers ownership. Title is the legal concept of ownership itself — the…
- July 9, 2026A real estate agent holds a licence that permits them to represent buyers and sellers, but only while working under…
- July 6, 2026A conventional loan is a mortgage that is not insured or guaranteed by a government agency. An FHA loan is…
