Houses for sale in Ashby Heights

rent loss insurance
A policy which covers any loss of rent or rental value in a event which fire or other damage renders a property uninhabitable.

real estate agent
A person licensed by the state to represent the buyer or the seller in the real estate transaction in exchange for the commission. Unless they may be also brokers, agents must work in association with the real estate broker or brokerage company.

straight purchase
A transaction in which the buyer gives a builder the deposit to begin building, and a balance when a sale of a house closes.

negative amortization
Occurs when the borrower's monthly payment is too small to cover both a principal and interest of the loan, so a outstanding balance of a loan actually grows larger with each payment. Many adjustable rate mortgages may be susceptible to this.