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.
Loans are backed or insured by the government or the private sector. However, some loans are issued by private lenders, and those are insured and regulated by government agencies. For instance, FHA loans are insured and protected by the Federal …
According to the 2021 census, around 76% of new home sales were obtained through conventional loans. Conventional loans or mortgages are not part of any government program and are not federally guaranteed. These loans offer a wide range of options …
Subordination is the process of ranking home loans according to priority. Ranking can be done for various types of loans, including a home equity loan or mortgage loan. When a person buys a home, the first mortgage taken to finance …
While considering personal loans, people have to decide between a secured or an unsecured loan. As a real estate professional, you must understand the difference. The main difference between these loans is the presence or absence of collateral. Collateral is …
Purchasing real estate property is a significant investment, and many people don’t have enough money to buy or build their own homes. In such cases, getting a loan is the best option as it allows you to finance your real …
Real estate is generally unique, but in some cases, neighboring buildings have similar floor plans and architectural designs that make them homogeneous structures. In this post, we’ll discuss the concept of nonhomogeneity in real estate, homogeneity, the difference, and how …