CLOSING COSTS
Fees and expenses, over and above the property price, which buyers and sellers incur in completing a real estate transaction. Costs include appraisal fees, credit report charges, deed-recording fees, discount points, loan origination fees, surveys, taxes, title insurance, and title searches. Also called settlement costs.
POPULAR TERMS
Term
Lifespan of an asset or a liability in which its value is expected to either increase or decline, depending on its nature.
Time ...
Social Networking
Social networking is networking through the use of social media with the purpose of socialization, business, or both. It basically establishes conn ...
Rural Housing Service - RHS
A division in the U.S. Department of Agriculture responsible for managing programs that focus on rural housing and community service facilities, an ...
Interest Equalization Tax
Tax on foreign stocks and bonds acquired by American. Levied in 1963, it is designed to lessen the US balance of payments deficit by deterring inve ...
Bill Of Materials - BOM
List of raw materials or any things that are required to build a product. It is usually in the hierarchical format. Topmost level showing the end p ...
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Do you want to know if your current home can withstand any renovation? Consult the following professionals first for guidance.
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