Common Real Estate Terms

FINANCIAL TERMS Adjustable-Rate Mortgages (ARM) โ€“ Mortgages with interest rates that can change periodically Commission โ€“ A percent of the home’s sale price paid to real estate brokers upon successful close of escrow. It is customarily paid by the seller and split between the buyer and seller brokers, but it can vary. Debt-to-Income Ratio โ€“ […]

What’s the Difference Between Registered Land & Recorded Land?

What's the Difference Between Registered & Recorded Land?

Is your home REGISTERED LAND or RECORDED LAND? Do you know the difference? Don’t be surprised if you don’t. Learn what it is and how it affects your home buying and selling process in the latest episode of Ron’s Real Estate Minute! Read More