A principal payment is a payment toward the principal or original amount borrowed. Mortgage payments consist of two components which include principal and interest. It is important to understand the components that contribute to mortgage payments. As a real estate …
Equity in real estate is the difference between how much your property is worth and how much you owe. Equity is often difficult to calculate for real estate novices, but it is essential to understand if you plan on being …
Redlining is the denial of goods or services to people of a protected class; the term originates from lenders denying worthy applicants mortgages based on their race or ethnicity. Redlining violates fair housing and fair lending laws, which you’ll need …
The Fair Housing Amendments Act (FHAA) of 1988 enforces Title VIII and makes it illegal to discriminate against families with children and people with disabilities. With our guidance and years of expertise in real estate, we’re here to teach you …
Variable interest rate refers to an interest rate that varies according to market changes. To understand the overall cost of the loan, it is essential to learn how changing rates can affect the payments. Interest rate plays a vital role …
The Fair Housing Act of 1968 prohibits discrimination against protected classes in the housing market. If you’re hoping to ace your exam and become a real estate pro, you’ll need industry experts to teach you about vital concepts like the …