When it comes to real estate, gentrification might just be the touchiest subject of all. In search of reasonable housing prices, short commutes, and the tantalizing prospect of a kick-ass return on investment, professionals are moving en masse into lower-income neighborhoods. But while these newcomers often rehab old and vacant homes and bring a […]
Glossary of Homeownership Terms & Definitions
A – C A adjustable-rate mortgage (ARM) A mortgage loan with an interest rate that changes during the term of the loan based on the adjustment period. amortization A loan calculation that shows how principal and interest are paid off over a set period of time. amortized A loan in which the payments are spread […]
Glossary of Homeownership Terms & Definitions
A – C A adjustable-rate mortgage (ARM) A mortgage loan with an interest rate that changes during the term of the loan based on the adjustment period. amortization A loan calculation that shows how principal and interest are paid off over a set period of time. amortized A loan in which the payments are spread […]
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