In commercial real estate, net absorption measures the net change in occupied space within a specified period. It reflects the dynamics of supply and demand.
These properties often serve as an attractive investment option because they can generate rental income from multiple tenants. This income can offset mortgage payments and provide cash flow.
Conducting a thorough inspection can protect the security deposit by clearly outlining any pre-existing damages or new issues that arise during the tenancy.
Mortgage servicing fees cover tasks like processing payments, sending monthly statements, and managing escrow accounts.
It involves managing the day-to-day operations of a mortgage loan. This includes processing and crediting homeowners' payments accurately and maintaining escrow accounts for taxes and insurance.
A mortgage loan is a financial agreement between a borrower and a lender. It allows the borrower to purchase a home by borrowing funds against the property itself.
MIP is a type of mortgage insurance necessary when the down payment is less than 20%. It protects lenders from the higher risk associated with such loans.
Mortgage debt service refers to the total amount of monthly payments made to cover both the principal and interest on a mortgage loan.
These model units are meticulously designed to showcase the best features and layouts of the apartment complex. They often include carefully selected furnishings and decor to highlight the unit's potential.
