Real Estate

  1. Canadians: The 5 Fastest Ways To Save For A Down Payment

    Some methods of saving for a down payment are faster than others. Here are five tried and true ways to get into a house faster.
  2. Tandem Loan

    Two loans taken out on one asset, which is usually a house; the secondary loan is normally added to a primary loan. A tandem ...
  3. Lock Period

    A number of days, often 30 or 60, during which the interest rate promised on a pending mortgage loan cannot be changed. Because ...
  4. Ability To Repay

    An individual's financial capacity to make good on a debt. Specifically, the phrase "ability to repay" was used in the 2 ...
  5. Getting Help With Your Down Payment

    It's not as easy as it once was to save for a down payment, but these tips can help give you a head start.
  6. Absolute Auction

    A type of auction where the sale is awarded to the highest bidder. Absolute auctions do not have a reserve price which sets ...
  7. Foreclosure Crisis

    A period of unusually high home foreclosure rates that caused high uncertainty in the housing market from 2008-2010. During ...
  8. List Price

    1. The manufacturer's suggested retail price, determined by supply and demand, for consumer goods such as automobiles or ...
  9. Foreclosure Filing

    The initial legal process of selling a mortgaged property that is in default. When a borrower defaults in making mortgage ...
  10. Squatter

    A person who settles in or occupies property with no legal claim to the property. A squatter is one who resides on a property ...
  11. Foreclosure Action

    The legal proceedings initiated by a lender in the case of mortgage default. When a borrower fails to make mortgage payments ...
  12. 9 For-Sale-By-Owner Mistakes

    Avoiding these errors will help ensure that your home sells quickly while allowing you to keep that commission fee for yourself. ...
  13. Career Comparison: Real Estate Agent Or Mortgage Broker

    If you're considering one of these careers, this article is designed to help you make a logical choice between the two.
  14. 5 Long-Term Consequences Of The Recession

    Apart from the headlines about jobs, this recession is doing damage in other areas that goes unnoticed.
  15. Can You Dispute A Foreclosure?

    The bank has foreclosed on your mortgage, but do you really have to leave? Learn how to fend off the lenders and gain the ...
  16. 10 Tips For Getting A Fair Price On A Home

    When you're shopping for a home, it's important to understand how homes are priced so you can make a sound investment and ...
  17. 6 Neighborhood Red Flags

    Before your next home purchase, make sure to inspect the quality of your neighborhood.
  18. The 6 Best States For Renters

    These areas offer the most bang for your rental buck.
  19. Mortgage Basics

    If you are going to buy a home, the chances are good that you will need a mortgage. Find out more about this type of debt ...
  20. Homebuyer Tradeoffs: What Will You Have To Sacrifice?

    It's rarely possible to find a completely perfect home for your needs, tastes and budget, but it's OK to make tradeoffs. ...
  21. 6 Neighborhood Red Flags

    These six items should be considered when choosing a new home.
  22. Green Energy: Why We're Still Not Using It

    The reason we are still dependent on fossil fuels for energy is about as old as the fossils themselves. Read on to find out ...
  23. Keep Working Or Stay At Home With The Kids?

    Choosing to stay at home with the kids is a choice that has both positive and negative financial consequences.
  24. Form 5405: First-Time Homebuyer Credit And Repayment Of The Credit

    A tax form distributed by the Internal Revenue Service (IRS) and used by first-time homeowners or long-time residents of ...
  25. Forget A House - Buy An Island

    While most of us would assume island ownership to be something completely unattainable, a little research reveals that it ...
  26. Straw Buyer

    A person who makes a purchase on behalf of another person. A straw buyer is used when the real buyer cannot complete the ...
  27. Buying A Home: New Or Previously Owned?

    Brand-new homes have distinct advantages - and drawbacks. Find out what you need to know to make an informed decision.
  28. Workout Agreement

    A mutual agreement between a lender and borrower to renegotiate terms on a loan that is technically in default, so as to ...
  29. Wage Earner Plan (Chapter 13 Bankruptcy)

    Also known as a Chapter 13 bankruptcy, this enables individuals with regular income to develop a plan to repay all or part ...
  30. Voluntary Conveyance

    Transfer of title from a delinquent homeowner to a lender to satisfy the balance on a loan in default. The delinquent borrower ...
  31. Big Ticket Item

    Big ticket items are high-value items, such as houses and cars, as well as expensive products such as appliances, home theater ...
  32. Voluntary Foreclosure

    A voluntary foreclosure is a foreclosure proceeding that is initiated by the borrower, rather than the lender, in an attempt ...
  33. Straw Buying

    When an individual makes a purchase on behalf of someone who otherwise would be unable to make the purchase, and the purchaser ...
  34. Involuntary Foreclosure

    When a borrower defaults on a home mortgage loan and the lender initiates proceedings to take possession of the house and ...
  35. 7 Smart Steps Every New Homeowner Should Take

    Just moved into a new home? Check out these 7 tips that every new homeowner should know
  36. How To Tap Banks For Real Estate Loans

    Buying rental property with personal, cash-collateralized loans is a smart move.
  37. The Cheapest Canadian Cities To Buy A House

    Canada's housing market didn't suffer like its struggling neighbors to the south, but there are still great deals to be had. ...
  38. The 6 Phases Of A Foreclosure

    For many, foreclosure is still a real possibility. Make sure you're prepared and know the steps.
  39. Power Of Sale

    A clause written into a mortgage authorizing the mortgagee (lender) to sell the property in the event of default, in order ...
  40. Maintenance Expenses

    The costs incurred to keep an item in good condition and/or good working order. When purchasing an item that requires upkeep, ...
  41. Amenity

    Benefits of a property whose existence increase the value or desirability of that property. An amenity can be either tangible, ...
  42. Investing In Foreclosures Not A Get-Rich-Quick Venture

    Investing in this kind of real estate takes capital, time and careful planning.
  43. Decree Of Foreclosure And Sale

    A declaration made by a court indicating that a piece of property is to be sold in order to cover outstanding debts. A decree ...
  44. Conditional Offer

    In general, an agreement between a buyer and a seller that an offer will be made if a certain condition is met. In real estate ...
  45. Fixer-Upper House: Is it Worth It?

    The "handyman special" that seems like a great deal can quickly become a money pit. Find out which repairs are most likely ...
  46. Curb Appeal

    The general attractiveness of a house or other piece of property from the sidewalk. This term is often used by Realtors trying ...
  47. Spot Loan

    A spot loan is a type of mortgage loan made for a borrower to purchase a single unit in a multi-unit building, such as a ...
  48. Slumburbs

    A slang term for the suburbs of once large and prosperous cities that have become less desirable due to an economic downturn. ...
  49. 5 Steps To Attaining A Mortgage

    If you're serious about buying a home, cleaning up your credit should be the first item on your agenda. Learn how to get ...
  50. Annual Cap

    A clause found in the contract of an adjustable-rate mortgage (ARM) that limits the possible increase in the loan's interest ...
Save Money
  1. 5 Ways To Make Your Home Remodels Pay Off

    Here are five ways to make your home renovation worth the money and effort you put into it.
  2. Differences Between Private Foundations And Public Charities

    Here's a look at the differences between these types of charitable organizations.
  3. How To Monetize Your YouTube Channel

    YouTube's Partner Program helps users earn money through their channels. Find out how.
  4. The World's Most Valuable Private Companies

    In spite of the rewards going public can bring, some companies prefer to remain private, and they are very successful in this.
  5. Is Cyber Monday The New Black Friday?

    Cyber Monday is becoming more popular than Black Friday. Here's why.
Hot Definitions
  1. Stagflation

    A condition of slow economic growth and relatively high unemployment - a time of stagnation - accompanied by a rise in prices, ...
  2. Notional Value

    The total value of a leveraged position's assets. This term is commonly used in the options, futures and currency markets ...
  3. Interest Expense

    The cost incurred by an entity for borrowed funds. Interest expense is a non-operating expense shown on the income statement. ...
  4. Call Option

    An agreement that gives an investor the right (but not the obligation) to buy a stock, bond, commodity, or other instrument ...
  5. Pro-Rata

    Used to describe a proportionate allocation. A method of assigning an amount to a fraction, according to its share of the ...
  6. Private Placement

    The sale of securities to a relatively small number of select investors as a way of raising capital.
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