Tag: house

water damage insurance

Water Damage Insurance

Most people only think about water damage insurance when they are in the middle of a flood or some other major water emergency. But...

War Bond

DefinitionWar bonds are debt securities issued by a government to finance military operations and other expenditure in times of war. War Bond What...
Gazunder

Gazunder

What is Gazundering and how can you avoid it Gazundering is the act of reducing a purchase price at the last minute, usually just before...

Gazump

DefinitionGazumping occurs when a seller accepts an oral offer on the property from one potential buyer, but then accepts a higher offer from someone...

Glass-Steagall Act

DefinitionThe Glass–Steagall legislation describes four provisions of the U.S.A Banking Act of 1933 separating commercial and investment banking. The article 1933 Banking Act describes...

Tandem Loan

What is 'Tandem Loan' Two loans taken out on one asset, which is usually a house; the secondary loan is normally added...

Dodd-Frank Wall Street Reform and Consumer Protection Act

DefinitionThe Dodd–Frank Wall Street Reform and Consumer Protection Act was signed into United States federal law by US President Barack Obama on July 21,...

Underwater Mortgage

Home Ownership by Country Underwater Mortgage Underwater mortgage is a mortgage loan whose balance is higher than the fair market value of the home....

Underwater

What is 'Underwater' An option that would be worthless if it expired today. An underwater option may be either a call or...

Home Mortgage

DefinitionA mortgage loan or, simply, mortgage is used either by purchasers of real property to raise funds to buy real estate, or alternatively by...

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