Houses for sale in Chelsea

contractor
The individual who contracts for a construction of the home or project.

radiant heating
A form of home heating delivered by electric-resistance elements--either wall registers or cables or foils beneath a flooring or above a ceiling--or via hot water circulated through in-the-floor tubing or room radiators.

carryback financing
Financing in which the seller agrees to take back the note for the set amount of a sale of a home.

subsequent rate cap
A specific limit defined by most adjustable rate loans (ARMs) for a maximum amount a interest rate may increase at each regularly scheduled interest rate adjustment date. This limit may differ from a initial rate cap.