Mortgage servicing rights is a contractual agreement in which the original lender sells the mortgage servicing rights to another party. This third party performs different functions required to service the mortgage. With my deep understanding of real estate concepts and …
When the mortgage lender assigns their mortgage and its interest to a new lender, it’s called mortgage assignment. The lender uses an assignment-of-mortgage document to transfer the mortgage legally. It is important for real estate students and agents to understand …
Subsidized housing is a government system that provides housing assistance to low-income tenants. Before you can call yourself a real estate pro, you must know how subsidized housing works. To understand the role of subsidized housing in real estate, we …
The satisfaction of mortgage is a document that shows that the borrower has paid off the loan and that the property title is now clear of liens. This term is confusing for most real estate students; thus, it is important to …
Mezzanine financing is a hybrid financing that blends the features of debt and equity financing. Mezzanine financing is a non-traditional type of financing that is used for large projects and growing businesses. Before attempting their exam, real estate students must learn …
Rent stabilization is a system that regulates rent by imposing a limit on how much landlords can increase prices. Understanding rent stabilization is crucial to passing the exam and becoming a successful agent. To fully grasp rent stabilization, you’ll need …