When a home listing touts its custom features, take care. PWDR RM Powder room or half bath After all, custom upgrades (like any decor choice) reflect the taste of the previous owner, and may or may not be to your taste. The number of days a property listing is considered active. Mortgage insurance protects the lender if the borrower defaults on the mortgage loan. POA Power of Attorney Learn, A home loan not guaranteed by a government agency, such as the FHA or the VA. Read, A certain portion of the homes purchase price that a buyer must pay. Read, A property repossessed by a bank when the owner fails to make mortgage payments. Cap rates are calculated by dividing the property's net operating income (NOI) by its property asset value. PRV, PVCY FENCE Privacy Fence Actv Active A house located in a quiet location may be slightly off the beaten trackor, it may be out-and-out secluded. A policy that protects the structure of the home, its contents, injury to others and living expenses should damage occur. L/O Lease Option How have you been?. You can email the site owner to let them know you were blocked. Read more about escalation clauses and making an offer on a home. I/O Interest Only (loan) A short sale is the sale of a real estate property for which the lender is willing to accept less than the amount still owed on the mortgage. If they were not used, the ads for a home could get quite lengthy. Suggest. Like, from the 50s. In fact,44 percentof all buyersstart their search by looking at properties onthe internet., Butwith relatively new terms likeexpiredandpendingentering thelexicon,andunclearshorthandandacronymslittering listings, deciphering real estate lingo can be tricky., If youre tired of all the jargon, or just plain confused,hereare somerealestatetermsto knowsoyoucan kick off your home search without a hitch., Active:The property is currently on the market and available for sale., Active contingent:The home is under contract,meaning the seller has accepted an offer from a buyer.However,certain conditionsmust be metbeforethe sale is finalized, which are known as contingencies.Thesemight includethesellerneeding toreceivemortgage approvalorthebuyer and sellerneeding toreachan agreementabout anyrepairs afterahome inspectionis performed., Active with contract (AWC):While the propertyhas apurchase agreementpending on it, it is still availableand beingshown to other potential buyers. Title Records Corp.160 Greentree DriveDover, DE [email protected], #ustitlerecords #ustitlerecords #ustitlerecords. A three-page document sent to an applicant three days after they apply for a home loan. Your IP: Learn, The act of paying off one loan by obtaining another. NAT GS HT Natural gas heat Read more about PMI here. 1C : One-car garage. Its a set of lender-specific fees that are part of your costs when closing a mortgage loan. The fee, 0.3% to 1.5% of the yearly loan amount, can be canceled in certain circumstances when the borrower reaches 20% equity. Translation: This home is small. Real estate abbreviations are important to save time and money. This means that aproperty is currently on the market and available for sale. Closing costs are generally paid through escrow. BB Real Estate Abbreviation. DTI Debt to Income Ratio Certified Residential Specialist, a designation awarded by the Council of Residential Specialists. 4B/2B: Four bedrooms and two bathrooms. Prospective purchasers of an inn need to know exactly what they mean. BD Bedroom P&S Purchase and sale Not all Northwestern Mutual representatives are advisors. Those real estate terms and definitions should give you a good start when it comes to understanding your real estate agent and the listings they . MAR Marble LR Living room A fee charged to borrowers who make a down payment that is less than 20% of the homes value. When you purchase through our links we may earn a commission. A policy that protects the structure of the home, its contents, injury to others and living expenses should damage occur. Try. 4/3/2 4 bedroom / 3 bath / 2 car garage, ABR Accredited Buyer Representative All of these abbreviations are commonly used to describe the features of a house or commercial property. The "P" represents percent. This is a statement a borrower will receive from their lender at least three days before closing on a home. It may also give the breakdown of the number of floors, size of the rooms and their location within the home. They charge dues used to maintain common areas. RNCH Ranch BA; BTH : Bathroom. RTO Rent to Own One example is a buyers contractual right to obtain a professional home inspection before purchasing the home. Not all mortgages. SUN Sun Room Cen Central Air By submitting your email, you agree to the Terms of Use and Privacy Policy. That happens through real care to make things better. You may want the retreat, but ask yourself if you're truly ready for all it entails. The price of a home, as set by the seller. IRR Internal Rate of Return The ratio compares total housing cost (principal, homeowners insurance, taxes and private mortgage insurance) to gross income. No purchase is necessary to view U.S. OA Owner Agent PGS Propane This list of real estate investing abbreviations is useful for real estate brokers. Keep reading to learn more about this unique abbreviation. Real estate is considered real property that includes land and anything permanently attached to it or built on it, whether natural or man-made. The seller has an accepted offer but is waiting to see if the buyers bank will agree to it, says Realtor Dawn Rivera with Realty World-Viking Realty in Fremont, CA. A deed is the legal document that establishes ownership of real property, and is also used to transfer the ownership of real property to another person or entity. BA Bath Fees associated with the purchase of a home that are due at the end of the sales transaction. RELO Relocation office OCN Ocean BKPORCH Back Porch If you have made your required monthly payments, at the end of the loan term (e.g., 15 or 30 year mortgage), you will own your home. ASG Assessment Assessment. Try our debt-to-income calculator to learn more. RVR River MAO Maximum Allowable Offer Be sure to read the fine print carefully. Life and disability insurance, annuities, and life insurance with longterm care benefits are issued by The Northwestern Mutual Life Insurance Company, Milwaukee, WI (NM). OO Owner Occupied A period of time (typically 30 days or more) after a buyer has made an offer on a home and a seller has accepted. Learn, Study these real estate terms when youre applying for a mortgage, Real estate terms you might hear when youve had your offer accepted, more about adjustable-rate mortgages here, The 12 Most Popular Vacation Towns for Home Shoppers. CFD Contract for Deed MTG Mortgage Whether you're ready to buy your first home or just need an acronym refresher, keep this glossary handy. SN Senior Fixtures include wall-to-wall carpeting, light fixtures, window coverings and landscaping. Miscellaneous. Back Bay. HPWA Water/Air Ht Pump The Long and Short of It, The Ultimate Real Estate Glossary for Homebuyers. SEW Sewer The governing body of a housing development, condo or townhome complex that sets rules and regulations. The meaning of REAL ESTATE is property in buildings and land. The. One who originates, sells, and services mortgage loans and resells them to secondary mortgage lenders such as Fannie Mae or Freddie Mac. "Bedroom" usually means a sleeping area with a window and a closetin some areas, laws define what a room needs to be called a bedroombut the . Zillow, Inc. holds real estate brokerage licenses in multiple states. Most real estate agents use similar abbreviations as part ofreal estate lingo, so once you get the jist, you can read any listing with confidence. WDSTV Wood-Burning Stove BR Bedroom Bb. YD Yard A fee, charged by a broker or lender, to underwrite and process a home loan application. An FDR with a DK? When dealing with real estate, you might also need to know things like the abbreviations for all 50 states or even common measurement abbreviations. POR, POR-S Porch/Screened Buyers should budget for an amount that is 2% to 5% of the homes purchase price. The action you just performed triggered the security solution. 2023 LoveToKnow Media. NAR National Association of Realtors Cont Contemporary When this happens, he or she risks the home heading into the foreclosure process. OVER Oversized Garage Title insurance:An insurance policy that protects a lenders or owners interest in real property from assorted types of unexpected or fraudulent claims of ownership. This is the escrow period, when both buyer and seller are workingtoward a closing. Real estate agents and other real estate professionals often need to have specific certifications and may work with or belong to different associations or groups. One of two debt-to-income ratios that a lender analyzes to determine a borrowers eligibility for a home loan. PILE Pilings This means that even though theres an accepted offer on the home, the seller is looking for backup offers in case the primary buyerfalls through. This abbreviation is a shorthand way of showing your affection to your partner. The action you just performed triggered the security solution. 3B/2B - three bedrooms and two bathrooms 2C - two-car garage A/C - air conditioning Appls - appliances Apt - apartment Ba - bathroom Br - bedroom CAC - central air conditioning Ch - central heat 4 Misconceptions Buyers and Sellers Have About the Housing Market, 10 Hottest Housing Markets of 2023, and What to Know if Youre Shopping in One, 13 Home-Buying Myths to Unlearn Right Now, 10 Hottest Housing Markets of 2023, and What to Know if You're Shopping in One, Do Not Sell or Share My Personal Information, 442-H New York Standard Operating Procedures. This means the propertys ownersare actively taking backup offers in case the first one falls through. In many listings, the term is used to describe to an area that's in the process of transition. Business Its customary for the buyer to pay for the lenders title insurance policy. HVAC heating, ventilation and air conditioning FSBO For Sale by Owner Organizations can include local governments, utility companies, and homeowners associations. LR Living Room A government agency chartered by Congress in 1970 to provide a constant source of mortgage funding for the nations housing markets. COO or C of O Certificate of Occupancy Property Records Real Estate Definition. Tiny . Investment brokerage services are offered through Northwestern Mutual Investment Services, LLC (NMIS) a subsidiary of NM, brokerdealer, registered investment advisor, and member FINRA and SIPC. Home affordability takes into account your income, down payment, and monthly debts. A half bathroom or powder room has only a toilet and a sink. A reduction in taxes based on specific criteria, such as installation of a renewable energy system or rehabilitation of a historic home. Learn more about foreclosure here. A/G PL : Above-ground swimming pool. Step 3: You then find tenants in 30-60 days to take over the two . INGRD PL pool in ground pool SD/W Storm Doors & Windows Learn more about pre-approval here. If thats your style, you're in luck. Perhaps the residential block is filled with old or rundown properties, with a few newly renovated homes sprinkled throughout. Read, A thorough assessment of a borrowers income, assets and other data to determine a loan amount they would qualify for. 67.211.219.14 Cloudflare Ray ID: 7a2835264c3fdd54 A prepayment penalty is a fee some lenders may charge if you pay off some or all of your mortgage early. Fees imposed by the state, county or municipality on transfer of title. A security deposit made by the buyer to assure the seller of his or her intent to purchase. This website is using a security service to protect itself from online attacks. Learn more about adjustable-rate mortgages here. Mstr Master bed room After the set time period your interest rate will change and so will your monthly payment. Other internet-specific definitions for BB include bye-bye, a largely defunct acronym that was more common in the early days of the internet. When you boil it down to the basics, real estate has a simple meaning. SMB Split Master Bedroom MLSs are local or regional. HP Heat Pump A home loan not guaranteed by a government agency, such as the FHA or the VA. Read more about conventional loans here. PVT Private That doesnt mean that its a done deal by any means, however (more on that next). WIN Window/Wall Unit BB is ubiquitous in modern relationships between young people, where direct messages and chat apps are primary forms of communication. GRM Gross Rent Multiplier BCH Beach An encumbrance can create a cloud on the title of a real property. Your IP: This type of limit can also allow the property buyer to back out of the sale and possibly seek damages in . Insurance that protects the buyer and lender should an individual or entity step forward with a claim that was attached to the property before the seller transferred legal ownership of the property or title to the buyer. Thats why when you read a real estate listing, you may end up scratching your head over a whole bunch of puzzling terms. UNO Unit Number FRBO for rent by owner Crystal R. A government agency created by the National Housing Act of 1934 that insures loans made by private lenders. To meet client needs, to empower teammates, and to lift up communities. The difference between the two is usually fairly . There are four important items that must be included in a buyer's pro forma. PL/A Above Ground Pool Articles may contain affiliate links which enable us to share in the revenue of any purchases made. BR Bedroom to see how much house you might be able to afford. AMO Accredited Management Organization Read more about the Buy-Rent Breakeven Horizon here. REALTOR Member of the National Association of Realtors F-bmt Finished Basement F/A Ht, FAH Forced Air Heat FHLMC Freddie Mac or Federal Home Loan Mortgage Corporation FXR Fixer Upper HTUB Hot Tub A contingent statusmeans that the seller has accepted an offer and the home is under contract. Read our stress-free guide to getting a mortgage. Commonly Used Real Estate Abbreviations and Acronyms for compiled and available to the public. The price of borrowing money. Brokerage. CAC Central Air Conditioning If you have made your required monthly payments, at the end of the loan term (e.g., 15 or 30 year mortgage), you will own your home. A concrete point at which buying a home makes more financial sense than renting one. In the abbreviations, you may see differences in which letters get capitalized and which don't depending on the realtor/publication. How to use real estate in a sentence. Dk Deck CCR Conditions, Covenants, and Restrictions Real property is immovable property - its land and anything attached to the land. AC Acre LFT Loft 1 /8. Lock box:Locked key-holding device affixed to a for-sale home so real estate professionals can gain entry into the home after obtaining permission from the listing agent. A lien is any legal claim upon a property for a debt or a non-monetary interest in the property. An MLS is an organization that collects, compiles and distributes information about homes listed for sale by its members, who are real estate brokers. But unlike an AWC, the property is no longer available forshowings., Whileabbreviations and acronymsfor property descriptionsvary by listingand source,thetermsbelow canbe used as a general guide to help you translateanything unfamiliar.If youre still unclear whata shorthand is referring to,reach out to the listing agent., As-is:Theowner is selling the home in its current condition and willnot makeanyrepairs orcorrect any flaws with the property., OLREA:Owner is a licensed real estate agent. SHOP Workshop WBS Wood-Burning Stove GRT RM Great room Home affordability takes into account your income, down payment, and monthly debts. This means that the home fell out of escrow,perhaps due to contract issues, says Tania Matthews, an agent with Keller Williams Classic III Realtyin Central Florida. The act of paying off one loan by obtaining another. A real estate agent will request a pre-approval or pre-qualification letter before showing a buyer a home. RTO Rent To Own Typically, most consumers mortgage interest rate is going to be higher than the prime rate. Before you start calling someone BB, you might need to establish ground rules. POF Proof of Funds Refinancing is generally done to secure better loan terms, such as a lower interest rate. A homeowners insurance policy that pays the replacement cost of a home, minus depreciation, should damage occur. Investment advisory and trust services are offered through Northwestern Mutual Wealth Management Company (NMWMC), Milwaukee, WI, a subsidiary of NM and a federal savings bank. Click to reveal Each lending institution sets its own prime rate. INT Intercom Learn more about HOAs here. Dsp Garbage Disposal TRAD Traditional Learn, A basic assessment of income, assets and credit score to determine what, if any, loan programs a borrower might qualify for. A thorough assessment of a borrowers income, assets and other data to determine a loan amount they would qualify for. OFC Office Clap Clapboard Siding FDR Formal dining room Bedroom usually means a sleeping area with a window and a closetin some areas, laws define what a room needs to be called a bedroombut the definition varies in different places. PL/1 In-Ground Pool Bsmt Basement A property was withdrawn from the realty market. An MLS allows brokers to see one another's listings of. CVAC Central Vacuum These contingencies fall away as tasks are completed, saysMelanie Atkinson, a Realtor with Coldwell Banker Residential Real Estate in Tampa, FL. If not, it could end up back on the market, so go ahead and inquire if youre interested. Fha Forced Hot Air BB. Brkf Breakfast Area What sounds impressive on paper may look less appealing in person. NONQ Non-Qualifying Click to reveal One of two debt-to-income ratios that a lender analyzes to determine a borrowers eligibility for a home loan. DWF, DWAC Deep Water/Access 1C, 2C 1 or 2 car Garage Investors will also want to consider the return on investment (ROI), internal rate of return (IRR . This site provides direct, online public access to all county property records and document images for the United States and U.S. territories. Repayment of a mortgage over the loan term through regular monthly installments of principal and interest, based on an amortization schedule. Fixture:Anything of value that is permanently attached to or a part of real property. TOWN Town House In the abbreviations, you may see differences in which letters get capitalized and which dont depending on the realtor/publication. LTV loan to value This browser is no longer supported. GLF Golf Course Copyright 2022 Ann Arbor Area Board of REALTORS. Examples of contingencies are home inspections, attorney review, the buyers financing, appraisal, and title search, among other reasons. Updated from an earlier version on realtor.com. Learn more about refinancing here. SPC Drive parking spaces ASM Assumptions CRE Creative Real Estate What Does BB Mean, and How Do I Use It? Addendum to Purchase Agreement COVID-19 EVENT EXTENSION, AA Public Schools - Attendance Area by Street directory, Presenting and Negotiating Multiple Offers, Washtenaw County Resources & Millage Rates, How to Pick the Best Home Inspectors and Appraisers, P35C25 (3.5% offered on the first 100K, 2.5% offered after $100,000), B1000/APT/010113 ($1000 Bonus on Accepted Price & Terms Offer Good until January 1, 2013), B1000/FPT/010113 ($1000 Bonus on Full Price & Terms Offer Good until January 1, 2013). NBHD Neighborhood Membership isnt open to the general public, although selected MLS data may be sold to real estate listings web sites. MBRFP Master Bedroom w/FP Real estate terms to know when you've started house hunting. Chn Chain Link Fence AST Assessment Lien Lien, JTL. It is for information purposes only, and any links provided are for the users convenience. A full bathroom is a room with a toilet, a sink and a bathtub. HomeReal Estate Abbreviations Real Estate Abbreviations A helpful list of the most commonly used real estate abbreviations, and land and property abbreviations used in most real-estate-related industries. UTCL Utility Closet LPOA Limited Power of Attorney PITI Principal, Interest, Taxes and Insurance HIST Historical District The seller has an agreed-upon contract with the potential buyer. KIT, KT Kitchen On online spaces with younger users, BB might also stand for bad b****, a term of endearment for women with a dominating personality. You might expect an up-and-coming neighborhood to be artsy and hip but that's not always the case. You are not obligated to accept the loan just because you received a loan estimate. HML Hard Money Lender Learn, One of two debt-to-income ratios that a lender analyzes to determine a borrowers eligibility for a home loan. RAD Radiant Heat If you see a bathroom or kitchen described as vintage, that means theyre old. Dry Clothes Dryer Baseboard Heat + 2. Business, Property, Real Estate Advertising. Have questions about buying, selling or renting during COVID-19? RPAC Realtors Political Action Committee FAG Forced air gas 3/4 Bath toilet + sink + shower or tub Homes can sit on the market for a long time, and prices tend to drop. SMART Typically computer-controlled heating and cooling, alarms, lights etc. For listings in Canada, the trademarks REALTOR, REALTORS, and the REALTOR logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. GAR, GR Garage REL Related to Seller 147.189.141.138 C/VAC Central vacuum Read more about pre-qualification here. A database where real estate agents list properties for sale. WHF Whole House Fan Mortgage insurance protects the lender if the borrower defaults on the mortgage loan. ARM Adjustable Rate Mortgage Read more about closing costs here. F/BSMT Fully finished basement Her work has appeared in the New York Times Magazine, Vanity Fair, and Boston Magazine. BOT Boat Slip MIC Mint Condition (like new or new) SEC SYS Security System Crprt Carport EMC Earnest money contract This is important, as identifying a property's class can predict how the asset might perform. MLS multiple listing service It is in fact a real word (but that doesn't mean . FSBO For Sale by Owner Buyers should budget for an amount that is 2% to 5% of the homes purchase price. Most lenders will require title insurance to protect their interests should there be outstanding liens on the property securing their security interest. Fees may include the appraisal, the home inspection, a title search, a pest inspection and more. Keep this five-part guide handy youll be fluent in the language of home buying before you know it. MWV Microwave Oven Its a set of lender-specific fees that are part of your costs when closing a mortgage loan. Banks, savings and loans, and credit unions. OP Occupancy Permit The trademarks MLS, Multiple Listing Service and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. The MLS listing should give the basics about a home: the price, taxes, types of utilities, and square footage. Cloudflare Ray ID: 7a28359a3f44c34a FHA loans are different from conventional loans because they can be approved for borrowers with lower credit scores and may allow for down payments as low as 3.5 percent of the total loan amount. WDSTV Wood Burn Stove APR Annual Percentage Rate TIL Truth In Lending, A/G PL Above-ground Pool DhkpP Dryer Hookup Reading real estate advertising acronyms can sometimes feel like trying to parse ancient Greek: EIL with a W/D? LLP Limited Liability Partnership DOS Due On Sale Clause HSF Heated square feet Cent h/a Central Heat&Air FLR Floor Furnace Individuals could include neighbors or other people who have a right of way. CHMS Certified Home Marketing Specialist 2023 All Rights Reserved. Zillow Group is committed to ensuring digital accessibility for individuals with disabilities. The most credit-worthy customers (mainly large corporations), receive the best or lowest rate that the lender would offer any of its customers. G-RNG Gas Range HW Hot Water Percentage (P): The first digit being the full percentage point and the second digit being the partial percentage (no decimal is used). In-law potl:Potential for a separate apartment, subject to local zoning restrictions. VA Department of Veterans Affairs / Veterans Administration, AMORT Amortization Q POS Available for quick possession BB is ubiquitous in modern relationships between young people, where direct messages and chat apps are primary forms of communication. The reason for a botched sale could lie with the previous buyer, but you'll want to do your homework before you give the seller the benefit of the doubt. The CRS designation indicates a triple threat - on average, these agents have been in business three times longer, have three times the amount of transactions, and generate three times more sales revenue than the average . Prime rate is the interest rate charged by a lender to customers who are the least likely to default on their loans. MYOB Mind Your Own Business GLFP Gas log fire place Not all real estate agents are REALTORS. A portion of your monthly payment goes into the escrow account to cover taxes and insurance. CRE Commercial Real Estate WLKIN Walk-in Closet LA Living area Usually, the realtor's website will give a good description without the real estate abbreviations. Private Mortgage Insurance or PMI, is a monthly mortgage insurance premium paid by a borrower for a mortgage insurance policy. Disclaimer: ActiveRain, Inc. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. 2. CAC Central air conditioning FDR/DR Dining room or a formal dining room Related:7 Features That Define the New American Home. SFR Single Family Residence Check out our glossary of frequently-used mortgage terms. This abbreviation is a shorthand way of showing your affection to your partner. Ann Arbor Area Board of REALTORS1919 W. Stadium Blvd., Ann Arbor, MI 48103(734) 761-7340. PICK Picket Fence When used in a real estate listing, the words "cozy" or "charming" aren't describing the ambiance of the space so much as the size. The Compensation is entered in the Compensation Code fields of BB (Buyer's Broker), SU (SubAgent), and/or TR (Transaction Coordinator). Find mortgage, lien, release, deed, notice of default, conveyance, lis pendens, bankruptcy, and judgment records for land, commercial, and residential real estate throughout the United States, Guam, Puerto Rico, and the U.S. Virgin Islands. NNN Triple Net Lease Step 2: Through your cost estimation, you figure out that $30,000 of investment will bring the property to a rental-ready state over the next 4 months. You can email the site owner to let them know you were blocked. Imagine you're leasing a 1,000-square-foot office space with a base rental rate of. Even though a sale is highly likely, some pending properties may still accept backups. COCR or CCR Cash on Cash Return Yes! ATFN Attic Fan FM RM Family Room Check out our explainers on TMI, LFG, and SRSLY and expand your web vocabulary. County real estate and property records abbreviations and acronyms: AD Administrator's Deed Notice. Inspection occurs when the home is under contract or in escrow. FFBR First Floor Bedroom A minimum requirement is often dictated by the loan type. A licensed professional who works on behalf of the buyer to secure financing through a bank or other lending institution. Read more about FHA loans here. CRB Certified Real Estate Broker There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Try our affordability calculator to see how much house you might be able to afford. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. A visual evaluation performed by a licensed home inspector to look for any potential defects or items of note related to the property, building(s), and the systems in a home. A lien is a security interest that can give a creditor the right to take possession of a property secured by a loan, such as a mortgage, when the borrower defaults on the loan obligations. An origination fee is not a single fee. Fpgas Gas Fireplace Fixtures are a frequent subject of buyer and seller disputes. That could mean the seller is still open to accepting an offer, so its worth touching base if your curiosity is piqued. Try, A fee, charged by a broker or lender, to underwrite and process a home loan application. LOC Line of Credit Learn more about short sales here. 1 meaning of BB abbreviation related to Real Estate Advertising: Vote. A basic assessment of income, assets and credit score to determine what, if any, loan programs a borrower might qualify for. A three-quarter bathroom has a toilet, a sink and a shower. PL, SP, S/P Swimming pool Learn, Private Mortgage Insurance or PMI, is a monthly mortgage insurance premium paid by a borrower for a mortgage insurance policy. PAT Patio property in buildings and land; space, capacity See the full definition . The Mission of the Ann Arbor Area Board of REALTORS:To strengthen our REALTOR community through advocacy, collaboration,education, innovation and civic engagement. Market conditions that exist when buyers outnumber homes for sale. And the real estate business is no different. Cozy Charm. Read more about back-end ratio here. Det Detached Garage Principal, interest, property taxes and homeowners insurance (PITI), A fee charged to borrowers who make a down payment that is less than 20% of the homes value. Take a close look at the map before you head out to the hills to determine the listing's proximity to civilization.
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