Studying for your real estate license exam? Check out our resources on all the definitions you need to know while studying for your real estate exam.
Refinancing is the financial technique of adjusting, replacing, or changing the terms of a loan or mortgage. Whether you’re a real estate professional or just want to refinance, I’ve got you covered. I’ve been in the real estate industry for …
A buydown is a helpful financial tool that helps borrowers get an affordable rate for a few years during the loan term. The financing method is useful if the borrower wants to lower their monthly payments for a specific period. …
Amortization of loans occurs when the borrower makes fixed monthly payments to the lender. These payments include principal and interest, and the loan balance decreases as the borrower makes these payments. Real estate professionals who are unfamiliar with the amortization …
A tie in agreement is when a seller refuses to sell unless the purchaser purchases another product or service tied into the transaction. Tie in agreements are illegal, and all real estate professionals must avoid them at all costs. Luckily, …
Group boycotts are when two or more competitors agree to conspire against another competitor by no longer working with them. Real estate professionals who engage in group boycotts lose millions of dollars and even risk spending time in jail. As …
The secondary market is where investors trade previously owned mortgages and mortgage-backed securities. Whether you’re a real estate novice, a real estate pro, or want to learn more about secondary markets, you’re in the right place. I’ve been teaching real …