Mortgage Types
Provides a single intrest rate and monthly payments for the life of the loan.
What is Fixed-rate loan
Maintains Property
Who is Landlord.
is a document which transfers ownership of real estate
what is deed
right to have bailed property stored properly
Bailor obligations and rights
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Offers interest rates typically lower than fixed rate loan for a period of time.
What is Adujustable-Rate Mortage
Receives rent as agreed, Inspect property at anytime and increase rent with a leagally perscribed time.
General Landlord Right
is the most common form of deed
What is warranty deed
how many types of bailment are there
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Is loan that requires a low down payment.
What is Federal Housing Adminstation (FHA) loan
Paying rent at full and on time as agreed, paying any late fees, and making an effort to not damage property.
General Tenants obligations
is a form of shared ownership where two or more persons own land without the right of supervision
what is Tenancy in common
is a situation where the bailee receives a benefit or multiple benefits
Bailment for the sole benefit of the bailee
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Is a loan which requires no down payment and no mortgage insurance fee for qualified veterans.
What is Veteran Affairs (VA) loan
Exclude the landlord from entering the property execept for times agreed on and have property maintained.
General Tenants rights
when one joint tenant dies, the owner's share passes automatically to the surviving joint tenants
what is joint tanancy
provides a benefit ot multiple benefits to both the bailor and bailee
what is: Mutual Benefit Bailment
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Is a loan for families in rural areas and does not require a down payment.
What is USDA Rural Development loan
Makes and pays for necessary repairs and provides a notificaion in writting.
General Landlord Obligations
transfers any ownership interest the seller has in the property, however , it makes no promise about what the interest is or the title is good
what is quitclaim deed
is a situation where the bailor receives a benefit or multiple benefits
Bailment for the sole benefit of the bailor
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