Homeowner Education

The latest news, tips, and tricks for homeowners

Loan-to-Value Ratio

The Loan-to-Value Ratio (LTV) is a key financial metric used in real estate and mortgage lending to measure the relationship between the loan amount a

Read More Ā»

Closing Disclosure

Closing Disclosure Meaning In Residential Real Estate Transactions A Closing Disclosure is a formal document provided to a home buyer that summarizes the final terms

Read More Ā»

Caveat Emptor

Caveat Emptor Meaning In Residential Real Estate Caveat Emptor is a legal principle in real estate that places primary responsibility on the buyer to investigate

Read More Ā»

Mandatory Disclosure

Mandatory Disclosure Meaning In Residential Real Estate Mandatory Disclosure refers to the legal requirement that certain information about a residential property must be revealed to

Read More Ā»

Mortgage Statement

Mortgage Statement Meaning In Residential Real Estate A Mortgage Statement is a written record provided to a property owner that summarizes the current status of

Read More Ā»

Boundary Lines

Boundary Lines define the legal limits of a parcel of land and establish where one property ends and another begins. Boundary Lines are fundamental to

Read More Ā»

Market Value

Market Value represents the most probable price a property would bring in a competitive and open market under normal conditions. It reflects what a typical

Read More Ā»

Title

Title refers to the legal concept that establishes ownership rights in real property. A Title represents the lawful interest an owner holds in land and

Read More Ā»

Walk-Through

In real estate, a walk-through (often called a final walk-through) is a pre-closing inspection of a house or property conducted by the buyer, typically shortly

Read More Ā»

Wet Bar

In residential real estate, a wet bar is a dedicated area within a house that includes a sink with a water supply, along with cabinetry

Read More Ā»