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...

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