Category: P

PARTIAL SALES RETOTD Episode 00079

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PARTIAL SALES The sale of an interest in real estate that is less than the whole property. This may include a sale of easement rights, parcel of land or retail pad, or a single building of a multi-building investment.

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PREPAYMENT RETOTD: Episode 00048

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PREPAYMENT Payment made that reduces the principal balance of a loan before the due date and before the loan has become fully amortized. Any amount paid to reduce the principal balance of a loan before the due date. Payment in…

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PRE-QUALIFICATION RETOTD: Episode 00032

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PRE-QUALIFICATION Less formal than pre-approval, pre-qualification usually means a written statement from a loan officer indicating his or her opinion that the borrower will be able to become approved for a mortgage loan. This usually refers to the loan officer’s…

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PRE-APPROVAL RETOTD: EPISODE 00002

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PRE-APPROVAL – The process of applying for a mortgage loan and becoming approved for a certain amount at a certain interest rate before a property has been chosen. Pre-approval allows the borrower greater freedom in negotiations with sellers and the buyer…

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