The financial institution that provides a mortgage loan to a borrower to purchase real estate. Would you like to learn more about Real...

We have two real estate pre-licensing courses starting on Monday, April 1st, 2024. Our evening class will be in-person from April 1st ->...

A legal description is a precise written description of a property according to a government-recognized system, used to identify the...

A lease is a legal agreement between a property owner (lessor or landlord) and someone who wants to occupy the property (lessee or...

A judicial foreclosure type of foreclosure that goes through the court system. The lender must file a lawsuit against the borrower and...

A judgment is a court order that requires a person to pay a debt. If a judgment is placed against a property owner, it can become a lien...

Students now have the options to choose between in-person OR virtual/remote for our upcoming pre-licensing course running from April...

A Jumbo Loan or non-confirming loan is a mortgage that exceeds the conforming loan limits set by Fannie Mae and Freddie Mac. These loans...

Joint tenancy with the right of survivorship is a type of ownership where two or more people own a property together with equal shares....

Insurance is a contract that protects a property owner from financial loss in the event of a covered event, such as a fire, theft, or...

Interest is the cost of borrowing money. When you take out a mortgage, you pay interest on the loan amount. The interest rate is a...

An inspection is a thorough examination of a property by a qualified professional, such as a home inspector, to identify any defects or...

An income property is a property that is purchased and held for the purpose of generating rental income. Examples of income properties...

An improvement is any addition or alteration to real property that enhances its value or usefulness. Examples of improvements include...

An implied warranty of habitability is the unwritten warranty that all rental properties must be livable and meet certain minimum...

Impact fees are charged by a local government to developers to offset the impact of a new development on public services, such as...

A Habendum Clause is the a part of a deed that defines the estate being granted and the heirs or assigns who will inherit it. Would you...

A Home Equity Line of Credit or HELOC is a line of credit that allows homeowners to borrow against the equity in their home. The interest...

A Home Inspection is a visual examination of a home's condition, performed by a qualified professional, to identify any existing or...

A Home Owners' Association (HOA) is an organization that manages a community of homes. HOAs typically have fees that homeowners must pay,...