May 2017 | Page 2 of 2 | Garden State Home Loans | NJ

closing costs

Definition: closing costs Closing costs are the fees paid at the time of the closing of a real estate transaction.

mortgage rate lock

Definition: mortgage rate lock A mortgage rate lock is an agreement between the borrower and lender that allows the borrower... read more →

rental property

Definition: rental property A rental property is a property which the owner receives payment from tenants in return for using... read more →

rent

Definition: rent (verb) To pay someone for the use of something or occupancy of somewhere.

property tax

Definition: property tax A property tax is a levy on the value of the property by government authority.

buyer (home)

Definition: (home) buyer A home buyer is a person who is looking to purchase a new home.

zoning laws

Definition: zoning Zoning is the regulation of the use of real estate property by local government, restricting property to residential,... read more →

condo

Definition: condo Short for condominium, a condo is on of a group of housing units, in which each homeowner has... read more →

Seller

Definition: (home) seller A (home) seller is the person who puts a home on the market for sale.
mortgage refinancing

Refinance Rates New Jersey

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What does HUD stand for?

Definition: HUD The United States Department of Housing and Urban Development, otherwise known as the HUD, is a Cabinet department... read more →
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