Real Estate Terms

By admin on May 27, 2010 calgary real estate, condo docs, mortgage terms, Real Estate Terms, real property report Home Design Tips & Tricks

AMORTIZATION – The number of years it takes to repay the entire amount of a mortgage. APPRAISAL – An estimate of a property’s market value, used by lenders in determining the amount of the mortgage. APPRECIATION – The increase of a property’s value over time. ASSESSMENT – The value of a property, set by the […]