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Glossary

Abstract Of Title

In real estate investing, an abstract of title is a historical summary of all of the recorded instruments and proceedings that affect the title of...

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Annual Percentage Rate (APR)

The cost of a loan or other financing expressed as an annual rate. Real estate investors should understand that the APR includes the interest rate,...

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Annuity

An amount paid yearly or at other regular intervals, often at a guaranteed minimum amount. Also, a type of insurance policy in which the policy...

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Application Fee

The fee that a mortgage lender or broker charges to apply for a mortgage to cover processing costs. Usually included in your closing costs for...

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Appreciation

Appreciation refers to the increase in the value of a property over time. Appreciation can be caused by a number of things including inflation, the...

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Arbitration

A process where disputes are settled by referring them to a fair and neutral third party (arbitrator). The disputing parties agree in advance to agree...

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Asbestos

A toxic material that was once used in housing insulation and fireproofing because it did not burn, could be used in a huge variety of...

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