8-1
The owner of the building you are renting is known as a?
A drawing of the layout and dimensions of rooms.
Floor Plan
Price of a house on the market.
Market Value
The charges that happen overtime and the one time costs.
Recurring and non recurring costs
A building or complex of buildings containing a number of individually owned apartments or houses.
Condominium
A returnable sum payable when something is rented, to cover any possible loss or damage.
Security Deposit
A=LW
Area
Taxes paid on property you own.
Property Tax
A one-time, state or local government fee imposed on the transfer of property title.
Transfer Tax
A hybrid housing type where you own both the individual unit and the specific plot of land it sits on, while sharing ownership of common areas/amenities via a Homeowners Association.
Landominium
The measurement used for determining the size of a house.
Square Footage
a line segment through the center of a regular polygon that is perpendicular to a side.
Apothem
A financial protection policy that covers repair costs for damage to your house and belongings
Home Owner's Insurance
A "good faith" deposit made by a home buyer to a seller, typically 1%–3% of the purchase price, to demonstrate serious intent to buy.
Earnest Money Deposit
The portion of your home's current market value that you own outright, calculated as the difference between the home's appraised value and your remaining mortgage balance.
Equity
To expel someone from a property.
Evict
Air conditioners are sold according to this.
(BTU) British Thermal Units.
A home loan with a set interest rate that remains the same for the entire loan term.
Fixed Mortgage rate
Period-by-period table showing how a loan is paid off over time. It breaks down each payment into the exact amount going toward the principal.
Amortization table
a housing unit in a building owned by a corporation, where residents buy shares instead of real property
Co-op Apartment
a sum of money paid to a landlord when submitting a rental application to reserve a property.
Application Deposit
the ratio of points that land inside the region to the total points equal the ratio of the area of the irregular region to the area of the rectangle.
Monte Carlo Method
Total Monthly Housing Costs/Gross Family income x 100
Front end Ratio
A home loan featuring an initial fixed-interest rate period (typically 3, 5, 7, or 10 years) followed by 5, 7, or 10 years) followed by an adjustable-rate period that changes periodically based on the market.
Hybrid ARM
An elected group of volunteer residents or stakeholders responsible for governing a residential community.
housing board of directors/ HOA