For homes governed by an HOA, membership in the homeowners association is a condition of purchase; buyer are not permitted to opt-out.
HOA : The Role Of Homeowners Associations In Housing Communities
Category: Real Estate Definitions
Simple Real Estate Definitions : Right To Cancel
Refinancing homeowners are granted a 3-day “cooling off” period.
Simple Real Estate Definitions : Home Inspection
A home inspection is a thorough, top-to-bottom check-up of a home’s structure and systems.
Simple Real Estate Definitions : Tax And Insurance Escrow
Want a discount on your next mortgage rate? Tell your lender that you’re willing to escrow.
What Is Annual Percentage Rate (APR)?
More commonly called APR, Annual Percentage Rate is a government-mandated mortgage comparison tool. It measures the total cost of borrowing over the life of a loan into dollars-and-cents.
Simple Real Estate Definitions : Loan-Level Pricing Adjustments
Loan-level pricing adjustments are mandatory loan fees based on a borrower’s specific default risk.