Understanding Real Estate Terminology Part 6

Posted by Sean Rasmussen on October 29th, 2008 filed in Property, Real Estate, definitions, real estate terminology, real estate terms, restrictive covenant, terms

This is the final installment of our series on understanding real estate terminology. I hope that you have found this series to be useful and beneficial.
• Principal is the amount of money that you borrow. Every time you make a payment on your mortgage you reduce the principal.
• Rates are the annual, quarterly, half-year or [...]

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