Homeowner Education

The latest news, tips, and tricks for homeowners

Net Worth

Net Worth Definition In Residential Real Estate Net Worth is a measure of overall financial position calculated by comparing what a person owns to what

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HUD-1 Statement

HUD-1 Statement Meaning In Residential Real Estate HUD-1 Statement is a standardized settlement document historically used in residential real estate transactions to itemize all financial

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Guaranteed Loan

Guaranteed Loan Meaning In Residential Real Estate Guaranteed Loan refers to a residential financing arrangement in which a third party formally agrees to repay a

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Farm Service Agency

Farm Service Agency is a government organization that supports land ownership, land use, and agricultural related property management across the United States. In real estate,

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Experian

Experian is a consumer data and credit reporting organization whose information plays a significant role in residential real estate, property ownership, and housing related transactions.

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Escrow Company

An Escrow Company is a neutral third party that facilitates residential real estate transactions by holding and disbursing funds and documents according to agreed upon

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Escrow

Escrow is a neutral arrangement in which funds, documents, or other assets related to a residential real estate transaction are held by a third party

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Equity

Equity is the portion of a residential property’s value that is owned outright by the property owner after accounting for outstanding financial obligations secured by

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Equifax

Equifax is a consumer credit reporting agency that collects, maintains, and distributes information related to individual credit histories. In real estate, this information is commonly

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