Information about home, mortgage, insurance, homebuyer, real estate, property, buy home, home insurance, financing, home financing, home buyer, first time homebuyer, homes, homebuying, credit, condo.
Main Page: condo, home insurance, credit, first time homebuyer, insurance, homebuying, homes, home financing, buy home,
Also see related: financial advisor, credit, inventory, stock trading, inventory control, tax advisor, business, money,
Home Terms Main Page
This site contains comprehensive definitions for a wide range of terms that cover topics such as home, mortgage, insurance, homebuyer, real estate, property, buy home, home insurance, financing, home financing, home buyer, first time homebuyer, homes, homebuying, credit, condo...
Our proprietary algorithm provides many related definitions for each term, helping you better understand the subject.
Monthly Home Term Picks:
An annuity providing for income payments to commence at a specified future time.
Termination when a policy has no cash value after all attempts at conservation have failed.
Decreasing term life insurance that provides a death benefit amount corresponding to the decreasing amount owed on a mortgage.
Registered Retirement Savings Plan - A plan enabling Canadian citizens to establish tax-sheltered accounts to accumulate money towards retirement.
Expense charges applied when the owner of a policy surrenders a policy for its cash value.
The percentage of gross income needed to cover monthly payments for housing and all other debts and financing obligations. The total should generally not exceed 37% of gross monthly income.
Fixing of an interest rate or points at a certain level.
A point equals 1 percent of a mortgage loan. Lenders charge points as a way to make a profit.
An arched ceiling.
Rounded drywall corners.
A means of exiting the home. An egress window is required in every bedroom and basement. Normally a 4' X 4' window is the minimum size required.
Marking on recessed lighting fixture indicating that it is designed for direct insulation contact.
A concave molding.
A vertical window beside a door or another window.
A device, usually placed near the heater or cooler, which controls the flow of water or steam to parts of the building; it is controlled by a zone thermostat.