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Investment property
An investment property is a real estate purchase that is intended to generate income. Investment properties may be purchased by an individual or a...
Intestate
If a person who owns a property passes away without having prepared a will, the estate will be considered intestate. When this occurs, a probate...
Interest
Interest is a fee that is paid to lenders when borrowing money to purchase a property. Interest can vary, depending on the borrower's credit score...
iBuyer
An iBuyer, or instant buyer, is a real estate company that uses technology and algorithms to buy and sell homes.
Homeowners insurance
When any damage occurs to a home, homeowners insurance protects the homeowner from depreciation in value. Homeowners insurance also helps to cover...
Property tax
Real estate is taxed by the local government where the property is located. Assessments of the property are conducted periodically to assess the...
Private mortgage insurance (PMI)
Private mortgage insurance (PMI) is a type of guaranteed insurance offered by a private insurance company in order to protect the mortgage holder...
Private money lender
Private money lenders are used by real estate investors to finance properties. A private money loan is given to an individual or company by a...
Underwriter
A underwriter is responsible for reviewing an application submitted by a borrower, as well as supplemental information included with the...
Transfer tax
When buying and selling a property, transfer tax must be paid when the title is transferred to one party to the other. In some states, the buyer and...