Adjustable-rate Mortgage (ARM) at Real Estate Glossary
What is it? A loan with an interest rate that is periodically adjusted to reflect changes in a specified financial index.Real Estate Definition Added By: Chloe
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Other Similar Real Estate Terms:
Real Estate Term Like Kind is A term relating to the nature of a property rather than its quality or quantity. Only like kind properties qualify for a real estate exchange and the resulting tax benefit. (See exchange)Real Estate Term Plottage is The increase in value or utility resulting from the consolidation (assemblage) of two or more adjacent lots into one larger lot. (See assemblage).
Real Estate Term Successors is Those who succeed to or to whom the corporations rights in the property are transferred. (See heirs)
Real Estate Term Buy-down mortgage is A home loan in which the lender receives a premium as an inducement to reduce the interest rate during the early years of the mortgage.
Real Estate Term Early occupancy is The condition in which buyers can occupy the property before the sale is completed.