Real Estate Definitions

Simple Real Estate Definitions : Tax And Insurance Escrow

December 8, 2011 by · Leave a Comment 

Want a discount on your next mortgage rate? Tell your lender that you’re willing to escrow.

What Is Annual Percentage Rate (APR)?

July 12, 2011 by · Leave a Comment 

More commonly called APR, Annual Percentage Rate is a government-mandated mortgage comparison tool. It measures the total cost of borrowing over the life of a loan into dollars-and-cents.

Simple Real Estate Definitions : Loan-Level Pricing Adjustments

December 16, 2010 by · Leave a Comment 

Loan-level pricing adjustments are mandatory loan fees based on a borrower’s specific default risk.

Rita Kerins-Neighborhood Expert Chicago Real Estate Broker