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...
by Kayla Testaverde | Aug 29, 2022 | Real estate glossary
When any damage occurs to a home, homeowners insurance protects the homeowner from depreciation in value. Homeowners insurance also helps to cover loss due to theft, and can help with liability to protect the homeowner if an accident occurs on their...
by Kayla Testaverde | Aug 29, 2022 | Real estate glossary
Real estate is taxed by the local government where the property is located. Assessments of the property are conducted periodically to assess the value of the home and ensure that it is taxed...
by Kayla Testaverde | Aug 29, 2022 | Real estate glossary
Private mortgage insurance (PMI) is a type of guaranteed insurance offered by a private insurance company in order to protect the mortgage holder from loss. For example, if a buyer does not have 20% needed to pay a downpayment on a home loan, they may agree to obtain...
