marshall high school bell schedule | what does bb mean in real estate
HP Heat Pump CNS Certified Negotiation Specialist Investment brokerage services are offered through Northwestern Mutual Investment Services, LLC (NMIS) a subsidiary of NM, brokerdealer, registered investment advisor, and member FINRA and SIPC. POR, POR-S Porch/Screened TOWN Town House W/D HKUP Washer/Dryer hookup W/D Washer/Dryer APPLS Appliances Real Estate Abbreviations And Acronyms - U.S. Title Records These institutions underwrite as well as set home loan pricing in-house. SHOP Workshop A visual evaluation performed by a licensed home inspector to look for any potential defects or items of note related to the property, building(s), and the systems in a home. Or comparable sales, are homes in a given area that have sold within the past several months that a real estate agent uses to determine a homes value. W/D WD Washer and dryer After all, custom upgrades (like any decor choice) reflect the taste of the previous owner, and may or may not be to your taste. IRR Internal Rate of Return It should return to active soon enough, so its certainly worth piping up if youre smitten. The fee, 0.3% to 1.5% of the yearly loan amount, can be canceled in certain circumstances when the borrower reaches 20% equity. What Does BB Mean, and How Do I Use It? 3B/2B - three bedrooms and two bathrooms 2C - two-car garage A/C - air conditioning Appls - appliances Apt - apartment Ba - bathroom Br - bedroom CAC - central air conditioning Ch - central heat Click to reveal Col Colonial The difference between the two is usually fairly . FIN LL Finished lower level An MLS allows brokers to see one another's listings of. You can email the site owner to let them know you were blocked. SD/W Storm Doors & Windows TRC Trash Compactor A certain portion of the homes purchase price that a buyer must pay. PMI Private mortgage insurance BB Real Estate Advertising Abbreviation Meaning - All Acronyms He's invested in internet culture, social media, and how people interact with the web. In a commercial lease, both the base rent and any NNN expenses are calculated using a flat cost per square foot. CCR Conditions, Covenants, and Restrictions Investment advisory and trust services are offered through Northwestern Mutual Wealth Management Company (NMWMC), Milwaukee, WI, a subsidiary of NM and a federal savings bank. Crwl Crawl Space A process a lender follows to assess a home loan applicants income, assets and credit, and the risk involved in offering the applicant a mortgage. WBS Wood-Burning Stove BA Bath Multiple Listing Service (MLS): Definition, Benefits, and Fees Margaret Heidenry is a writer living in Brooklyn, NY. The Mission of the Ann Arbor Area Board of REALTORS:To strengthen our REALTOR community through advocacy, collaboration,education, innovation and civic engagement. Not all Northwestern Mutual representatives are advisors. FDIC Federal Deposit Insurance Corporation Learn more about down payments here. DET Detached garage This happens when the catcher manages to catch four pitches that classify as a ball, and the batter gets to move to first base without the danger of going out. You might also see the acronym BB%, which stands for base on balls rate its the statistical frequency that a pitcher will allow a batter to walk. Read more about the Buy-Rent Breakeven Horizon here. You are not obligated to accept the loan just because you received a loan estimate. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Read, A prepayment penalty is a fee some lenders may charge if you pay off some or all of your mortgage early. Related:10 Signs That Fixer-Upper Might Be a Money Pit. A three-quarter bathroom has a toilet, a sink and a shower. Both words imply motion, but the difference may b. Defenestration. FML Formal A concrete point at which buying a home makes more financial sense than renting one. HD, HDFL Hardwood floors What Is Real Estate? A Definition And A Guide | Rocket Mortgage Often, the listing will indicate which rooms have hardwood flooring. BALC Balcony Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Click to reveal The propertylisting with the agent has expired and is no longer active, usually because it didnt sell, says Matthews. INGRD PL pool in ground pool Learn, The act of paying off one loan by obtaining another. SEC Security System Expansion potl:Expansion potential mean that theres extra space on the lot or the possibility of adding a room or even an upper levelsubject to local zoning restrictions. It may have received offers, but none have yet been accepted, which means that the opportunity is wide open. It's a piece of land and the property - such as a house, office building, apartment, strip center or warehouse - that sits on it. CRS Certified Residential Specialist Typically, most consumers mortgage interest rate is going to be higher than the prime rate. Mortgage insurance is usually required on a conventional mortgage loan and the down payment is less than 20 percent of the sale price. SFH Single Family House Since many phrases can be shortened to BB, this acronym might refer to other things online. HWH Hot water heater A home loan not guaranteed by a government agency, such as the FHA or the VA. Read more about conventional loans here. HRS Horses Allowed CBR Certified Buyer Representative Have questions about your home financingpaperwork? HOA Homeowners Association ELE Electric 2. Hi ceils - This is an abbreviation for "high ceilings.". E Rng Electric Range CVAC Central Vacuum Lock box:Locked key-holding device affixed to a for-sale home so real estate professionals can gain entry into the home after obtaining permission from the listing agent. Keep an eye out for seriousmaintenance issues that may be disguised by quick surface repairs, and call in a trusted home inspector to help you spot any hidden problems. On online spaces with younger users, BB might also stand for bad b****, a term of endearment for women with a dominating personality. A security deposit made by the buyer to assure the seller of his or her intent to purchase. This list of real estate investing abbreviations is useful for real estate brokers. Pro Forma Real Estate: Everything You Need to Know - RealWealth STA State A state in which an escrow agent is responsible for closing. Real Estate Certification: Different Kinds and What You NEED - UpNest Learn more here. Keep this five-part guide handy youll be fluent in the language of home buying before you know it. How have you been?. A real estate agent will request a pre-approval or pre-qualification letter before showing a buyer a home. Sub2 Subject to existing financing Used under license. F/A Ht, FAH Forced Air Heat Be sure to read the fine print carefully. Essentially, "turnkey" means that . If you hang around social media circles and forums that talk about TV, BB might also stand for Big Brother, a prominent reality show franchise involving a group of strangers living together in the same house. TRAD Traditional Real estate is considered real property that includes land and anything permanently attached to it or built on it, whether natural or man-made. Related:12 Things Realtors Look For in Homes of Their Own. You might expect an up-and-coming neighborhood to be artsy and hip but that's not always the case. HPWA Water/Air Ht Pump If its someone youre romantically interested in, you have to be in a relationship with them or in the process of courting them. MLS:Multiple Listing Service. Cer Ceramic Tile Related:18 Big Storage Ideas to Steal from Tiny Homes. Even if the property you are buying has been newly renovated, expect to set aside money every month for repairs and maintenance. Clap Clapboard Siding A "default" occurs when a borrower does not make his or her mortgage loan payment and falls behind. 7 meanings of BB abbreviation related to Real Estate: Real Estate. FDR/DR Dining room or a formal dining room HBR Harbor WTR Water The Real Estate Terms to Know When You're Looking at Home Listings VWS, VW, VU View or views How-To Geek is where you turn when you want experts to explain technology. MWV Microwave Oven SMART Typically computer-controlled heating and cooling, alarms, lights etc. WHKP Washer Hookup Learn, Private Mortgage Insurance or PMI, is a monthly mortgage insurance premium paid by a borrower for a mortgage insurance policy. Fixtures include wall-to-wall carpeting, light fixtures, window coverings and landscaping. SHNG Shingle The owner has removed the property from the listings for an undetermined period, usually because work is being done on the house or because the home cannot be shown. One of two debt-to-income ratios that a lender analyzes to determine a borrowers eligibility for a home loan. The BRRRR method explained in 5 simple steps - Hemlane Real estate terms to know when you've started house hunting. Your IP: Examples of contingencies are home inspections, attorney review, the buyers financing, appraisal, and title search, among other reasons. Here are a few examples of BB in action: Do you want to learn more internet slang terms? GMT Kitchen Gourmet kitchen A buyers final inspection of a home before closing. The status will show as pending until the closing. Performance & security by Cloudflare. If you have made your required monthly payments, at the end of the loan term (e.g., 15 or 30 year mortgage), you will own your home. Prime rate is the interest rate charged by a lender to customers who are the least likely to default on their loans. A lien is a security interest that can give a creditor the right to take possession of a property secured by a loan, such as a mortgage, when the borrower defaults on the loan obligations. These structures can be both above and under the ground. Personal property is movable property. For listings in Canada, the trademarks REALTOR, REALTORS, and the REALTOR logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. A homeowners insurance policy that pays the replacement cost of a home, minus depreciation, should damage occur. PMI Private Mortgage Insurance The owners bank must approve a lower listing price before the home can be sold. BA; BTH : Bathroom. SPKLR Sprinkler Cloudflare Ray ID: 7a28359a3f44c34a CAC Central Air Conditioning An adjustable-rate mortgage, or ARM, has an introductory interest rate that lasts a set period of time and adjusts every six months thereafter for the remaining loan term. SRO Single Room Occupancy Real Estate Definition. SQ FT Square Feet OA Owner Agent TIL Truth In Lending, A/G PL Above-ground Pool So if the home in question isyour dream home, it may be worth offering upa deal that the seller cant refuse. Inspection occurs when the home is under contract or in escrow. Learn, A home loan not guaranteed by a government agency, such as the FHA or the VA. Read, A certain portion of the homes purchase price that a buyer must pay. RELO Relocation office Refinancing is generally done to secure better loan terms, such as a lower interest rate. Prospective purchasers of an inn need to know exactly what they mean. WIN Window/Wall Unit A rehabilitation loan backed by the federal government that permits home buyers to finance money into a mortgage to repair, improve or upgrade a home. COF Cost of Funds If you need help understanding your mortgage or contract, these are some of the more common real estate, legal, and financial abbreviations youll see. The line items should look similar to what a borrower sees on their loan estimate when first applying there are limits to how much any fees can change in the time period between application and closing day, so borrowers should review their closing disclosure closely and ask their lender about any changes. GRNO Ground Maintenance The fascinating story behind . A contingent statusmeans that the seller has accepted an offer and the home is under contract. SKY Skylights RELATED: What Does "TMI" Mean, and How Do You Use It? Terms Of Use Mortgage insurance is usually required on a conventional mortgage loan and the down payment is less than 20 percent of the sale price. Q POS Available for quick possession But if you want to hang on to your cash and exercise some self-sufficiency, check out these clever products that solve a million and one little problems around the house. BB Baseboard Heat You dont need a real estate license to find your dream home, but it does help to become familiar with real estate jargon you might encounter during the process. SUN Sun Room A policy that protects the structure of the home, its contents, injury to others and living expenses should damage occur. 2/1 2 bedrooms / 1 bathrooms Percentage (P): The first digit being the full percentage point and the second digit being the partial percentage (no decimal is used). Windows 11: How Much RAM Can Your PC Have? JV Joint Venture A database where real estate agents list properties for sale. By submitting your email, you agree to the Terms of Use and Privacy Policy. Try our amortization calculator to learn more. C/VAC Central vacuum A percentage of the homes value owned by the homeowner. PAT Patio Life and disability insurance, annuities, and life insurance with longterm care benefits are issued by The Northwestern Mutual Life Insurance Company, Milwaukee, WI (NM). Before you go to a showing, do a little more research to see if the home has a local reputation, so you'll be prepared for any oddities you may encounter. Repayment of a mortgage over the loan term through regular monthly installments of principal and interest, based on an amortization schedule. Individuals could include neighbors or other people who have a right of way. REAL ESTATE DEED ABBREVIATONS AND ACRONYMS. MULTI 3+ Car Garage A combination of loans bundled to avoid private mortgage insurance. CPM Certified Property Manager Fab pentrm:Fabulous pentroom, a room on top of the housebut under the roofthat has great views. Crystal R. What Is a Short Sale? RTO Rent To Own PAN Pantry This claim is brought up by a party who is not the owner and restricts what an owner can do with the property. Cbl,Cblh Cable/Hookup Read more about escalation clauses and making an offer on a home. Read more about origination fees here. CH Central heat BD Bedroom ABS Assessment / Bill of Sale Assessment, Mineral/Oil & Gas. REO Real Estate Owned Real Estate Terms & Lingo | Terminology, Definitions & Abbreviations PILE Pilings The reason for a botched sale could lie with the previous buyer, but you'll want to do your homework before you give the seller the benefit of the doubt. Affordability or home affordability refers to the amount of money you can comfortably afford to spend on a home. This abbreviation is a shorthand way of showing your affection to your partner. When searching for a home or applying for a mortgage, you may hear your real estate agent or lender use any of the terms or acronyms below. WTR PD Water paid SCRND PORCH Screened Porch This website is using a security service to protect itself from online attacks. The content on this site is not intended to provide legal, financial or real estate advice. ARI Articles of Incorporation Notice, certificate. Privacy Policy. Updated from an earlier version on realtor.com. Cnl Canal A short sale is the sale of a real estate property for which the lender is willing to accept less than the amount still owed on the mortgage. Back Bay. HML Hard Money Lender If a place is advertised as needing TLC then its likely a bona fide fixer-upper. A real estate agent will request a pre-approval or pre-qualification letter before showing a buyer a home. The price of a home, as set by the seller. POA Power of Attorney Is A House Considered Real Estate? - Ascent Law If your offer is accepted as a backup, youre in line to go under contract if the first sale falls through. Bung Bungalow IGSP In-Ground Sprinkler TXS Taxes Step 1: Buy a duplex property for $100,000 in a neighborhood where the average home price is $200,000. ROI Return On Investment 4 Misconceptions Buyers and Sellers Have About the Housing Market, 10 Hottest Housing Markets of 2023, and What to Know if Youre Shopping in One, 13 Home-Buying Myths to Unlearn Right Now, 10 Hottest Housing Markets of 2023, and What to Know if You're Shopping in One, Do Not Sell or Share My Personal Information, 442-H New York Standard Operating Procedures. Fixtures are a frequent subject of buyer and seller disputes. Read more about PMI here. STOR Assigned Storage CDS Cul de sac Brokerage. 8 Real Estate Terms to Watch Out For - Bob Vila AG Agreement Agreement Comm. Zillow, Inc. holds real estate brokerage licenses in multiple states. Disclosure: BobVila.com participates in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for publishers to earn fees by linking to Amazon.com and affiliated sites. The Real Estate Commission: How Much Are Realtor Fees? WD PNL Wood paneling 1. Those real estate terms and definitions should give you a good start when it comes to understanding your real estate agent and the listings they .
Saints Rugby League Fixtures 2022,
Ethan Klein Properties,
Articles W
As a part of Jhan Dhan Yojana, Bank of Baroda has decided to open more number of BCs and some Next-Gen-BCs who will rendering some additional Banking services. We as CBC are taking active part in implementation of this initiative of Bank particularly in the states of West Bengal, UP,Rajasthan,Orissa etc.
We got our robust technical support team. Members of this team are well experienced and knowledgeable. In addition we conduct virtual meetings with our BCs to update the development in the banking and the new initiatives taken by Bank and convey desires and expectation of Banks from BCs. In these meetings Officials from the Regional Offices of Bank of Baroda also take part. These are very effective during recent lock down period due to COVID 19.
Information and Communication Technology (ICT) is one of the Models used by Bank of Baroda for implementation of Financial Inclusion. ICT based models are (i) POS, (ii) Kiosk. POS is based on Application Service Provider (ASP) model with smart cards based technology for financial inclusion under the model, BCs are appointed by banks and CBCs These BCs are provided with point-of-service(POS) devices, using which they carry out transaction for the smart card holders at their doorsteps. The customers can operate their account using their smart cards through biometric authentication. In this system all transactions processed by the BC are online real time basis in core banking of bank. PoS devices deployed in the field are capable to process the transaction on the basis of Smart Card, Account number (card less), Aadhar number (AEPS) transactions.