Category: R

RATE ADJUSTMENT PERIODS RETOTD Episode 00237

Share

RATE ADJUSTMENT PERIODS With most ARMs, any periodic adjustment in the interest rate changes the payment. Adjustment periods tend to reflect the period of the index of the most popular ARMs; currently, annual adjustments are the most common. You should…

Share

REAL ESTATE CYCLES (PHASES) RETOTD Episode 00238

Share

REAL ESTATE CYCLES (PHASES) The regularly repeating sequence of economic downturns and upturns and associated changes in real estate market transactions tied to market dynamics and changing macroeconomic conditions, whose phases include (in order) recession, recovery, expansion, and oversupply.

Share

REHABILITATION MORTGAGE RETOTD Episode 00162

Share

REHABILITATION MORTGAGE A mortgage that covers the costs of rehabilitating (repairing or Improving) a    property; some rehabilitation mortgages – like the FHA’s 203(k) – allow a borrower to roll the costs of rehabilitation and home purchase into one mortgage…

Share

REGULATORY REQUIREMENTS RETOTD Episode 00160

Share

REGULATORY REQUIREMENTS In reference to land use, they are restrictions or guidelines on development or use of land, properties, or facilities as defined in accordance with design standards, building construction requirements, land use plans, occupancy codes, and zoning classifications as…

Share

RECOVERY RETOTD Episode 00159

Share

RECOVERY A period of increasing economic activity or a general economic upturn, typically following a stabilization of key sectors and industries, marked by increasing sales and recovering prices in real estate markets as a direct result of an external shock…

Share

REPLACEMENT COST RETOTD Episode 00144

Share

REPLACEMENT COST The estimated cost to construct, at current prices, a building with utility equivalent to the building being appraised, using modern materials and current standards, design, and layout. [Appraisal Institute]

Share

REAL ASSETS RETOTD Episode 00081

Share

REAL ASSETS Real assets are often defined as physical or tangible assets that have intrinsic value and tend to provide a “real return”, often linked to inflation. This definition encompasses a wide range of investments, including real estate, infrastructure, timberlands,…

Share

REAL ESTATE RETOTD Episode 00069

Share

REAL ESTATE Land and things permanently attached to it, such as buildings, houses, stationary mobile homes, fences, and trees. Real estate is also called real property. Anything that isn’t real estate is personal property.

Share

RATE CAP RETOTD Episode 00064

Share

RATE CAP A limit on an ARM on how much the interest rate or mortgage payment may    change. Rate caps limit how much the interest rates can rise or fall on the adjustment dates and over the life of…

Share