| Monthly Rent: |
The monthly payment you make for renting a property. |
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| Monthly Insurance: |
Monthly premiums payments of an insurance policy that combines personal liability insurance and hazard insurance for a home and its contents. |
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| Annual rent increase: |
The annual increase of your rent as expressed in percentage terms. |
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| Home Value: |
The amount of money paid to purchase the property. |
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| Annual Taxes: |
Annual taxes covers all taxes paid to maintain upkeep of the property. It includes property taxes, school taxes and water taxes. |
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| Annual Hazard Insurance: |
An insurance policy that combines personal liability insurance and hazard insurance for a home and its contents. |
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| Annual Maintanance: |
Costs incurred to keep your residential property running such as utilities. |
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| Appreciation: |
The amount your residential property is expected to increase in percentage terms on an annualized basis. |
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| Loan Amount: |
Money borrowed that is usually repaid with interest to purchase property. |
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| Interest Rate: |
The amount of interest charged on a monthly loan payment; usually expressed as a percentage. |
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| Length of Loan: |
The number of years required to pay off the principal and interest of the loan. |
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| Loan Points: |
A fee imposed by a lender to cover certain processing expenses in connection with making a real estate loan. Usually a percentage of the amount loaned, such as one percent. |
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| Closing cost: |
Closing costs are fees paid by the borrower when a property is purchased or refinanced. Costs incurred include a loan origination fee, discount points, appraisal fee, title search, title insurance, survey, taxes, deed recording fee, and credit report charges. |
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| Years before sell: |
The number of years you intend to stay at the residential property. |
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| Selling cost: |
Costs incurred to sell your residential property. Cost include real estate commissions and legal fees. |
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| Annual savings rate: |
The rate of interest you would have earned if you used the money to put in to an one year bank term deposit instead of your residential property. |
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| Your tax rate: |
The income taxes you pay expressed as a percentage of your gross income. |
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