Buydown: A mortgage-financing technique with which the buyer attempts to obtain a lower interest rate for at least the first few years of the mortgage, but possibly its entire life....
Buydown
Terms to Know
Broker
Broker: A person licensed to arrange the buying and selling of real estate for a fee. A real estate broker acts as an intermediary between the parties selling and buying the real estate....
Bi-weekly Mortgage
Bi-weekly Mortgage: A mortgage payment plan where payments are made every two weeks, as opposed to the more traditional monthly payment plan....
Bill of Sale
Bill of Sale: A document that details in writing a sale of goods or transfer of property from one party to another....
Bankruptcy
Terms to know-Bankruptcy is the inability of a debtor to pay one's financial debts when due and where relief has been sought and has been granted through a special court action that makes it possible to resolve or eliminate the debtor's debts. ...