Preapproval: A higher level of buyer/borrower prequalification required by a home loan loan provider. Some preapprovals have circumstances the borrower must meet.
Prepaid interest: Funds paid simply by the customer at closing based on the amount of days still left in the month of http://query.nytimes.com/search/sitesearch/?action=click&contentCollection®ion=TopBar&WT.nav=searchWidget&module=SearchSubmit&pgtype=Homepage#/real estate closing.
Prepayment penalty: An excellent imposed on the borrower by the lending company when the mortgage is paid before it comes thanks.
Prequalification: The mortgage firm tells a buyer in advance of the formal mortgage application, how much money the borrower can afford to borrow. Some prequalifications http://franciscovmqw253.theglensecret.com/15-gifts-for-the-selling-a-home-lover-in-your-life possess conditions that the borrower must meet.
Preview appointment: When a buyer's agent views a property http://www.bbc.co.uk/search?q=real estate alone to see in the event that it meets his / her buyer's needs.
Prices: When the potential seller's agent would go to the potential listing real estate to see it for marketing and pricing purposes.
Principal: The money a buyer borrows.
Principal, interest, taxes, and insurance (PITI): The 4 parts that make https://en.search.wordpress.com/?src=organic&q=real estate up a borrower's monthly mortgage payment. Private home loan insurance (PMI): A special insurance paid by a customer in monthly installments, typically of loans greater than 80 percent of the worthiness of the property.
Professional designation: Additional nonlicensed property education completed by a genuine estate professional.
Professional regulation: A state licensing authority that oversees and disciplines licensees.
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