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Real Estate Glossary
For your convenience, we've compiled a list of words and phrases to help you understand Real Estate better.
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Insurance coverage that in the event of physical damage to a property from fire, wind, vandalism, or other hazards.
Looking for terms related to hazard insurance?
to see them.
An insurance policy that combines personal liability insurance and
coverage for a dwelling and its contents.
principal, interest, taxes and insurance (PITI)
The four components of a monthly mortgage payment on impounded loans. Principal refers to the part of the monthly payment that reduces the remaining balance of the mortgage. Interest is the fee charged for borrowing money. Taxes and insurance refer to the amounts that are paid into an escrow account each month for property taxes and mortgage and
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