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Flexible mortgage
Flexible mortgage A mortgage that allows the borrower to make overpayments, underpayments, payment breaks, borrow back overpayments. Interest is applied daily.
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Mortgage
A legal document pledging property as security for the payment of a loan.
Borrower
A person who has been approved to receive a loan and is then obligated to repay it and any additional fees according to the loan terms.
Borrow
1) To get a loan of money. 2) Sand, gravel or other material used for grading.
Interest
Money paid to a lender as compensation for money that is borrowed.
SIMILAR TERMS--------------------------------------
Flex space
A building that provides a configuration allowing occupants a flexible amount of office or showroom space in combination with manufacturing, laboratory, warehouse, distribution, etc.
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Flashing
Sheet metal or other impervious material used in roof and wall construction as a barrier to water seepage.
Flat fee
A fee paid to an adviser or manager for managing a portfolio of real estate assets, typically stated as a flat percentage of gross asset value, net asset value or invested capital
Flat roof
A roof with a level surface.
Flats
Sheets used in the room. Smaller motels will usually send their sheets out to a commercial laundry.
Flex space
A building that provides a configuration allowing occupants a flexible amount of office or showroom space in combination with manufacturing, laboratory, warehouse, distribution, etc.
Flexible mortgage
Float
The number of freely traded shares in the hands of the public.
Float floor drain
A drain that diverts water from the basement to a collection area. Water is then removed with a sump pump.
Floating
The time period is defined by a season and the week period is not fixed. One reserves the time period within the appropriate season annually.
Floating wall
Walls built to withstand movement in the basement floor.
Flood hazard areas
Locations specified on Federal Emergency Management Agency (FEMA) maps indicating areas that are subject to flooding. The seller's agent is required to inform potential buyers if the agent has knowledge that a property is located in such an area.
This dictionary contains 6433 terms. |
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