by Kayla Testaverde | Aug 29, 2022 | Real estate glossary
A loan estimate is provided by a mortgage broker or lender that will detail the costs and fees associated with processing the loan. Inspection fees, taxes, and insurance are examples of the types of things included. In the United States, the lender must provide a loan...
by Kayla Testaverde | Aug 29, 2022 | Real estate glossary
An investment property is a real estate purchase that is intended to generate income. Investment properties may be purchased by an individual or a group of...
by Kayla Testaverde | Aug 29, 2022 | Real estate glossary
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 court will often distribute the assets. Most likely, the property will be passed on to a spouse, then any children,...
by Kayla Testaverde | Aug 29, 2022 | Real estate glossary
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 and other financial factors. A lower interest rate will save the borrower...
by Kayla Testaverde | Aug 29, 2022 | Real estate glossary
An iBuyer, or instant buyer, is a real estate company that uses technology and algorithms to buy and sell...
