Real Estate For Sale By Owner in New South Wales

valley
The angled intersection between two roof planes where water collects and runs off a roof. Valleys may be often protected with special metal flashing because they must handle heavy water flow without leaking.

prepaid interest
Interest paid before it is due. For example, at a close of the real estate transaction a borrower may prepay interest which will accrue between closing and a first monthly payment.

mortgage life insurance
A special type of insurance which will pay off the mortgage if a borrower dies before a debt is retired.

principal, interest, taxes, and insurance (PITI)
the payment amount calculated by a lender to include a principal, interest, taxes, and insurance on an amortizing loan. a figure is designed to represent a borrower's actual monthly mortgage-related expenses.