"Codicil" is an addition to an existing will. When circumstances change or…

Microlending is the practice of providing microloans to small business owners. Typic…

What Is a Fiduciary? A fiduciary is a person or organization that acts on behalf …

A mortgage loan that deviates from standard mortgage practices is an alternative mort…

The annual percentage rate (APR) is the yearly interest charged to borrowers or paid …

A deed in lieu of foreclosure is a document which transfers the property's title …

A conventional mortgage or conventional loan is any type of homebuyer's loan that…

When purchasing a home, borrowers are required to make a monetary contribution that i…

A mortgage broker acts as an intermediary between those offering real estate loans a…

Escrow is a legal concept that describes a financial arrangement in which an asset or…

The purchase of a home is likely to be the most significant investment you'll eve…

Intestate refers to passing away without a will . When a person dies intestate, it is…