Contributor – Propertylogy

All posts by Contributor

  • Par Rate

    The par rate is the interest rate on a home loan with zero points charged. This is the very minimum price that a loan has to be sold in order for the lender to avoid a loss-making...

    • Posted September 23, 2018
    • 0
  • Underage

    When a mortgage is sold at a price lower than the posted price, it is described as an underage. Lenders provide loan officers and brokers with updates on their par rates regularly. This is the lowest rate...

    • Posted September 23, 2018
    • 0
  • Dual Apper

    A dual apper is a casual moniker used to describe borrowers who apply for home loans with two or more mortgage brokers. Because traditional lenders like banks only sell their own loans, they pretty much expect applicants...

    • Posted September 23, 2018
    • 0
  • Cram Down

    A cram down describes a bankruptcy court order whereby various classes of debt is reduced, forcing creditors to agree to a plan of reorganization. Sometimes a reorganization plan will be more beneficial to creditors than if all...

    • Posted September 22, 2018
    • 0
  • Run With The Land

    Run with the land is an expression that describes a right, rule, or restriction that don’t just affect the current owner of a particular property, but all future owners as well. Easements and covenants are common items...

    • Posted September 22, 2018
    • 0
  • Covenant

    A covenant is a promise contained in deeds or other legal contracts where parties agree to either perform or not perform certain actions on the property in question. One of the most common covenants is the covenant...

    • Posted September 22, 2018
    • 0
  • Buy Down

    A buy down refers to borrower paying more upfront in order to reduce the monthly payments of the mortgage. It is further categorized in to permanent and temporary buy down. The former refers to an arrangement that...

    • Posted September 22, 2018
    • 0
  • Holdout

    A holdout refers to a landowner or property owner who uses a refusal to sell as a negotiation strategy for getting the best price during the process of assemblage. This is a common tactic used by real...

    • Posted September 21, 2018
    • 0
  • Accommodating Party

    An accommodating party is a third party intermediary who holds money or property for a short period of time in his role to facilitate a section 1031 exchange. This accommodating party is officially called a qualified intermediary...

    • Posted September 21, 2018
    • 0
  • Generic Prices

    Generic prices refer to the interest rates and costs of a mortgage when lenders advertise their loans online and in mainstream media. Because for an advertisement to garner attention from consumers, the lowest possible prices are used...

    • Posted September 21, 2018
    • 0

Get More Real Estate Knowledge & Insights From Our Newsletters

Enter your email below

Send this to a friend