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Real Estate Glossary

What does Down Payment mean?

A down payment is a payment that is made in advance of a purchase, typically as a percentage of the total price. Down payments are commonly required for large purchases, such as a home or a car, and they may be used to demonstrate a borrower's commitment to the purchase or to reduce the lender's risk. Down payments may be paid in cash, or they may be financed through a loan or other type of credit.

Adjustable-rate mortgage

Appraisal Fee

Bargain Sale

Building Permit

Cash-Out Refinance

Co-Signer

Codicil

Cpi and Market Rent Escalation (In a Lease)

Disability Insurance

Escrow Closing

Exclusive Right to Sell

Initial Interest Rate

Lien

Property Value

Return on Investment

Right To Recission

Secured Loan

Waiver of Subrogation (In a Lease)

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Beycome Family of Companies: Beycome Mortgage LLC provides home loans; Beycome Brokerage Realty LLC, Beycome Brokerage Realty Inc., and Beycome of Florida LLC provide real estate services; Beycome Title of Florida LLC provides title insurance services. These are separate entities under Beycome Corp., each governed by its own management as required by law, but all owned by the same individuals, forming a business relationship.
Beycome Corp. holds real estate brokerage licenses in Multiple States: Beycome of Florida LLC is licensed in FL. Beycome Brokerage Realty Inc is licensed in CA. Beycome of Connecticut in CT. Beycome Brokerage Realty LLC is licensed in AL, GA, IL, IN, MI, MN, NC, OH, SC, TN and TX.
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IDX© information is provided exclusively for consumers’ personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate.

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Artur

Real Estate Assistant