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Mortgage Term Glossary

Assurance Financial

After the introductory period ends, the rate adjusts based on the market rate on a set schedule. The first number refers to the length of the introductory period, while the second is how often the rate can adjust. Assessed Value. The assessed value is used to calculate your property taxes. Fair Market Value.

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What to Do If You Inherit A Home

McKissock

Specifically referring to things like the time and cost to maintain the property, as well as any taxes and levies that might come with it. Of course, the type, location and value of the property can contribute to the previously-spoken of headache. Rent out the property.

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Home Appraisals vs Online Home Value Calculators

D Fritz Appraisals

A home or house appraisal is a third-party report written by a professional appraiser who visits the property and does market research to analyze how much the house is worth in today’s market. An appraisal report informs homeowners, home buyers, and mortgage lenders on the market value of the home.

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Anatomy of a Commercial Real Estate Appraisal: A Top 17 Q&A Guide

The Robert Weiler Company

Properties may include apartment buildings and condominiums, office buildings, shopping centers, industrial sites, and land for sale. If you’re reading this article, you will likely need a commercial real estate appraisal for property being sold, mortgaged, taxed, insured, or developed.

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The Proposed NYC "Pied-A-Terre Tax" Looks Catastrophic to NYC Real Estate

Miller Samuel

This position seems to be derived from one of only two references cited in the FPI white paper , a fun New York Magazine cover story by Andrew Rice. That article came out in 2014 right as the housing market was peaking. The market value of these properties will be based on a "comparable sale-based valuation method."

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Important Mortgage Acronyms

Assurance Financial

The acronym “DTI” refers to your debt-to-income ratio and compares the amount of debt you have to your monthly income. FAIR (Fair Access to Insurance Requirement). FAIR is a state-mandated program and usually costs more than a private insurance policy. FMV (Fair Market Value). DTI (Debt-to-Income).