Contributor | Propertylogy - Part 17

All posts by Contributor

  • Functional Replacement Cost

    Functional replacement cost in property insurance refers to the cost of constructing a building that is able to serve the same functions as the one...

    • Posted June 10, 2019
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  • Coinsurance Clause

    The coinsurance clause is a provision in property insurance policies that requires the homeowner to maintain a specified coverage level which amount...

    • Posted June 9, 2019
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  • Manual Underwriting

    Manual underwriting refers to the hands-on underwriting of loans such as mortgages when the automated underwriting system (AUS) is unable to come...

    • Posted June 8, 2019
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  • Lady Bird Deed

    A lady bird deed is a deed that allows the grantor the inhabit a property until death when it will be transferred to a beneficiary,...

    • Posted June 7, 2019
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  • Principal Curtailment

    Principal curtailment refers to making larger monthly payments towards a mortgage with the excess to what is necessary going towards reducing the principal balance left...

    • Posted June 6, 2019
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  • Pros And Cons Of Selling A House As Is

    To sell a house as-is means to put a property on sale in the market in it’s current condition without any repairs or staging being...

    • Posted June 5, 2019
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  • Difference Between Assessed Value And Market Value

    We would think that calculating the value of an asset as old-fashioned as a house is a problem that has been solved by the brightest...

    • Posted June 4, 2019
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  • Is Fractional Ownership Right For You?

    Fractional ownership is a method for several unrelated parties to share the risks involved with owning highly valuable assets such as real estate.

    This enables each...

    • Posted June 3, 2019
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  • Loan Boarding

    Loan boarding refers to the process of accepting new loans into a servicing company’s systems.

    While this might seem like a basic task to undertake, the...

    • Posted June 2, 2019
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  • Pros And Cons Of Piggyback Mortgage Loans

    A piggyback mortgage is a term used to describe the simultaneous financing of a property purchase with two home loans.

    This financing strategy has two main...

    • Posted June 2, 2019
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