Understanding Property Jargon - Part 2: E-N
When you understand common terminology and industry jargon, it will be so much easier to understand what agents and other professionals are saying!.
This is the second of a three part series, The A-Z of Understanding Property Jargon. In this episode Meighan and Veronica will walk us through everything you need to know from "E-N".
If you have ever heard lingo being thrown around and not quite sure what it means?. Or if you want to gain a deeper understanding of all things property to help you during your purchase... then this is the episode for you!
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Episode Highlights:
- What Is An Encumbrance? [03:33]
- First Right Of Refusal? Is it a right or a courtesy? [07:22]
- What Is Freehold Hand and Fee Simple? [09:42]
- How Much You Borrow vs How Much You Are Putting In? [12:54]
- Home Inspection [16:32]
- The Jurisdiction you\u2019re in makes all the difference [19:19]
- Lender\u2019s Mortgage Insurance doesn\u2019t cover you [22:11]
- Mortgage: A Legal Document or a Debt? [26:24]
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Resources:
Visit our website https://www.homebuyeracademy.com.au/\xa0
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