Houses for sale in Victoria

bi-level
A home which has two levels. Typically, the garage or storage area is situated in a lower level and a home in a upper section. Most bi-level structures were built after 1950.

APR (annual percentage rate)
A measure of interest which expresses a cost of the mortgage as the yearly rate on a loan balance. a APR assumes a loan is held for its full term. For adjustable-rate loans, a APR assumes a loan's index doesn't change from its initial value.

capitalization rate
The percentage rate of return estimated from a net income of the piece of property.

trade equity
Other real estate or assets which the buyer gives to the seller as part of a down payment.