A sale process in which an auctioneer sells the property at a specific time on a specific day. The vendor sets a reserve price; once that price has been reached the property will sell to the highest bidder. If the reserve price isn’t reached there is an opportunity for the highest bidder to negotiate, with the vendor’s … See more A group of owners in a block of apartments/flats that manage the maintenance and repair of the building and its shared spaces. Body Corporate members are elected by all owners in the building and have … See more Often referred to just as the title, this is a legal document that proves ownership of a property. It describes the property, who owns it and if there is a mortgage registered against the title. See more Issued under the Building Act 2004, this document certifies that building work was carried out under a building consent and that it complies with … See more Any items included in the sale of the property. Common chattels are fixtures such as curtains, light fittings, ovens, and dishwashers. Items such as furniture, playhouses, and laundry equipment are often negotiable … See more WebNov 30, 2024 · The most popular residential mortgage product is the 30-year fixed-rate mortgage. High loan-to-value ratios—even up to 100%—are allowed for certain …
Mortgage Terminology Meaning Terms - IZZI HUB
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Commercial Real Estate Loans Guide - SmartAsset
WebOct 8, 2024 · Mortgages are fixed-term loans that must be repaid on a set schedule. Personal mortgage loans can be repaid over 15 to 40 years, but commercial loan terms … WebMortgage: A loan for the purpose of purchasing a property, where the property is used as security. Mortgage foreclosure: Where the lender forces the sale of the property held … WebNov 27, 2024 · A-PAPER. Borrowers who meet specific criteria, such as a minimum credit score of 680, likely earn a place in this loan category. Other criteria include a minimum … top rated spiced rums