What Is Credit Vetting?
Building Credit | Credit

What Is Credit Vetting?

Credit vetting is a finance-based terminology, referring to the examination process in which a person or an organization is evaluated to determine their creditworthiness. The process can also be conducted to conclude whether the credit company should extend their credit to the said individual, renewing the loan terms upon request. If you don’t have a…

What Is an Underlying Mortgage?
Credit | Mortgage

What Is an Underlying Mortgage?

An underlying mortgage refers to when a housing cooperative takes an original loan out to purchase the building or land it occupies. The reason it’s called underlying is that it’s taken before or under personal loans shareholders take out individually to purchase an apartment. However, a co-op buyer should know that one way to pay…

What Is a Blind Ad in Real Estate?
Investing | Real Estate

What Is a Blind Ad in Real Estate?

Real estate is real property consisting of land and improvements, including structures like buildings and roads. It involves dealing with property and giving customers the right and titles of ownership. Advertisements play a large role in real estate as they help spread the word around regarding real estate and bring in customers. Real estate ads…

What Is a Public Report in Real Estate?
Investing | Real Estate

What Is a Public Report in Real Estate?

The purchase of real estate is among the most important investments most Americans make in their lifetimes. According to ICLG, subdividers must comply with real estate laws when offering new properties for sale and abide by the terms of the agreement at the time of purchase. Therefore, before marketing any new subdivisions in any state,…

What Is a Covered Loan?
Credit | Loans

What Is a Covered Loan?

This article will look at covered loans and why most lenders prefer them, and whether it’s a good idea to take them. Simply put, a covered loan is protected by collateral assets, usually, a piece of property with equal or more monetary value, to act as security in case you fail to repay the loan….

What Is R4 Zoning in Real Estate?
Investing | Real Estate

What Is R4 Zoning in Real Estate?

R4 Zoning is a Residential Zone in real estate. It’s often used for apartment complexes, but many other uses are permitted. It’s also sometimes called “Multi-Family”. R4 zoning can be applied to single-family homes and duplexes as well, meaning that it has the potential to greatly increase the density of an area. This type of…

What Is a Super Conforming Loan?
Credit | Mortgage

What Is a Super Conforming Loan?

To understand what super conforming loans are, you first need to understand what are conforming loans. A conforming loan is a mortgage that meets the requirements set by the government-sponsored enterprises, Fannie Mae and Freddie Mac. In other words, conforming loans are home loans whose account doesn’t exceed a certain dollar limit set by Fannie…

What Is a Fire Sale in Real Estate?
Investing | Real Estate

What Is a Fire Sale in Real Estate?

In June 2021, home sales saw no change in the South, but they rose by 1.4% in the West, Midwest, and Northeast regions. The house types in question included single-family homes, co-ops, and condos. We can safely say that real estate sale prices haven’t reached a point at which buying a property is impossible. The…