EQUITY

WHAT IS EQUITY Since you purchased your property, it may have increased in value and is now worth more than what you bought it for....

DISTRESSED PROPERTY

A distressed property is a property that the owner wishes to sell urgently. The requirement of an urgent sale means the vendor may need to...

MULTIPLE LISTING SERVICE (MLS)

A multiple listing service (MLS, also multiple listing system or multiple listings service) is an organization with a suite of services that real estate brokers...

SUBPRIME LOAN

A subprime loan is a type of loan offered at a rate above prime to individuals who do not qualify forĀ prime-rateĀ loans. Quite often subprime borrowers...

MORTGAGE BROKER

A mortgage broker is a go-between who deals with banks or other lenders to arrange a home loan. Mortgage brokers must act in your best...

GALVANIC CORROSION

Galvanic corrosion (also called bimetallic corrosion) is an electrochemical process in which one metal corrodes when it comes into contact with another metal that is...

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