Jul31st
Tuesday, July 31st, 2007
Continuing our blogging series of Real Estate Definitions, the term this week is:
Amortization Schedule:
Over the life of a loan, each month one portion of the payment will go towards principal and the other portion towards interest. An amortization schedule displays a table that shows the balance of the loan decreasing to zero as well as the amount each payment applies to the principal and interest.
Have questions about a real estate term you have come across? Ask us! Or visit our Indianapolis Real Estate and Carmel Real Estate sites to find your answers.
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Jul13th
Friday, July 13th, 2007
Far too often when buying or selling a home a term comes up that you have never heard before. Real Estate like many other industries has an entire set of terms that are not only unique to the business, but very important for anyone involved in the process of real estate transactions to understand.
This new series of blog entries will feature a phrase or term that will enable you to become more informed and comfortable while going through the entire process of buying or selling your home.
Planned Unit Development or PUD: A type of neighborhood project where there is common property such as sidewalks, parks, swimming pools, etc that is maintained by a homeowner’s association so all the people who either rent or own the homes in the community can enjoy them.
Are there any real estate terms or phrases that you are unsure about? Leave a comment and let us know!
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