colorado homes loans co mortgages colorado mortgage lender
colorado lender
home loans in colorado
hard money loans














mortgage loan lender

CO Mortgages & Real Estate Glossary H
From HELP, HVAC, High Rise, to Homeowner Insurance

Return to the Real Estate Glossary

HELP (Homebuyer Education Learning Program) - An FHA educational program that counsels people about the homebuying process. HELP covers topics like budgeting, finding a home, getting a mortgage, and home maintenance. In most cases, completion of the program may entitle the homebuyer to a reduced initial FHA mortgage insurance premium - from 1.75% to 2.25% of the home purchase price.

HVAC - Acronym for Heating, Ventilation and Air Conditioning

Hard cost - Actual cost of building property improvements.

Hazard insurance - Insurance against losses caused by perils which are commonly covered in policies described as a "Homeowner Policy".

High-rise - In a downtown commercial district, this usually means a building 25 or more stories above ground level. In suburban areas, it usually a building more than seven or eight stories high.

Highest and best use - The reasonably probable and legal use of vacant land or an improved property that gives it the highest value for what is physically possible and financially feasible to build and appropriately support.

Holding period - The amount of time an investor plans to retain ownership of a property after buying and before selling.

Hold-over tenant - A tenant retaining possession of a leased property after a lease's expiration.

Home inspection - An examination of a building's structure and mechanical systems to determine a home's safety. A home inspection makes the potential home buyer aware of any repairs that may be needed.

Homeowner's insurance - Insurance that covers damage to the insured's home and personal assets included in the policy's coverage. Liability claims made against the insured are subject to the policy terms, conditions, provisions, losses not insured provision and exclusions.

Home warranty - A warranty that offers protection for mechanical systems and attached appliances against unexpected repairs not covered by homeowner's insurance. Coverage extends for a specific period of time and does not include the home's structure.

Homeowner insurance - An insurance policy that combines protection against damage to a dwelling and its contents along with protection against claims of negligence or inappropriate action that resulted in someone's personal injury or property damage.

 

reverse mortgage lender

Taylor Mortgage Group, LLC

Phone
303-884-9393
Fax
 
720-306-3813

Click Here to Email Us


CO  License:  100013875
NMLS: 385946
Regulated by the Colorado Dept. of Regulatory Agency



Click for the BBB Business Review of this Mortgage Brokers in Elizabeth CO

real estate web design - realtor websites by imcd
copyright © 2000, all rights reserved
land loans
 
Prequalify Now           Loan Programs           Apply Online            Colorado Loans            Blog            Resources           About Us           Contact Us           Home
 
new construction
Home page Contact us for your lending needs