Buying a Home - Categories - Financial Literacy for Everyone - Bambarbia

Home Affordable Refinance Program (HARP)

Buying a Home Home Ownership Financial Terms Dictionary

The Affordable Home Refinancing Program (HARP) was a program offered by the Federal Housing Finance Agency to homeowners who own homes that cost less than their outstanding loan balance.

Home Inspection

Buying a Home Home Ownership Financial Terms Dictionary

A home inspection investigates the security of the property and current condition.

Lease Option

Buying a Home Home Ownership Renting Financial Terms Dictionary

A lease option is an agreement that gives the lessee the right to choose whether to purchase the leased property during or at the end of the lease period.

Open House

Buying a Home Home Ownership Financial Terms Dictionary

An open day is a scheduled period of time during which a house is available for viewing by potential buyers.

Open Listing

Buying a Home Home Ownership Financial Terms Dictionary

Home sellers may be able to offer the real estate agent an exclusive or public listing.

Restrictive Covenant

Buying a Home Home Ownership Financial Terms Dictionary

Restrictive conditions are provisions that prevent, prohibit, restrict or restrict the actions of the person or entity named in the contract.

Title Search

Buying a Home Home Ownership Financial Terms Dictionary

A title search is a process in which the title and ownership of real estate is assessed prior to the completion of a real estate transaction.

Viager

Alternative Investments Buying a Home Real Estate Investing Financial Terms Dictionary

A Viagere is a popular real estate transaction in France in which the buyer makes a down payment and then a series of payments for as long as the seller is alive.