5 Real Estate Jargon Terms to Cast Into the Sea

Acceleration clause. Addendum. Amortization. Assignment. Oh yes, we’re talkin’ real estate jargon ? and we haven’t even gotten through the A’s yet!
Real estate is one of those industries that can lay on the jargon pretty thick sometimes, and often, it just adds to a client’s confusion. Can we stop using some of these in client meetings? If you must, please make sure your client’s clear on what they mean, especially the following:

Amortization�? We just had to start with this one. When a loan is “amortized,” the principal is paid off, ...

Source: http://feedproxy.google.com/~r/chicagoagentmagazine/news/~3/xsCb4sCbwT4/

real estate investing interest rates fdic