Real Estate Jargon
Posted in Jargon by: Cai
Because not all people are aware of the terms that are used in the real estate industry, and we wanted to at least help give out information, we are coming up with a dictionary of real estate jargon that will be on a weekly or monthly posting. Every post may contain five to ten real estate terms to help prospect investors to familiarize themselves with the business.
- mortgage – this is the legal document containing the property pledge that ties the lender to his debt as a payment security.
- closing or settlement – this is a meeting where the sale of a certain property is being finalized by means of mortgage documents signing and paying the closing or settlement costs.
The common single large investment most people or family can make is their own house itself. With this comes the statement that an owner should protect his single possession, his liability, his home. He can only do that with an insurance policy of a homeowner.
Are you sure that your homeowner’s insurance policy carries all the characteristics that an insurance policy for homeowners should carry?

Owning a home doesn’t stop with the last payment or sometimes the first mortgage payment. Home insurance is an important “protection” to keep this asset in great condition. Homeowners insurance, is a type of property insurance that protects private residential homes. An insurance policy that bring together different personal insurance protections, which includes loss of one’s home, contents, use or loss of personal properties of the homeowner.