Colorado Springs Real Estate
Colorado Real Estate Terms -- Use this glossary to help educate yourself
My sister and I are buying a home in Colorado Springs, and my mother said we should own it in Joint 
Tenancy. What does this mean? Joint Tenancy means that both your sister and you would own the property in equal shares with right of survivorship; your share would automatically pass to your sister upon your death. If you have questions, ask your Colorado Springs Realtor or contact a lawyer.
Is a second mortgage the same as a junior loan? Yes, sometimes people will use the two terms to mean the exact same thing. This type of loan has a lower priority than a first mortgage.
What is a jumbo loan? This is a loan that exceeds the limits by Freddie Mac and Fannie Mae; and this amount can be
Previous Posts
- A is for Agent
- B is for Building Permit
- C is for Clear Title
- D is for Duplex
- E is for Earnest Money
- F is for Fixtures
- G is for Good Faith
- H is for Home Inspection
- I is for Incompetent
Resources
- The Online Real Estate Database and Directory
- Federal Trade Commission
- Real Estate Wiki
- HGTV
- National Association of Realtors
A Colorado Springs Real Estate Agent You Can Trust
Selling HOMES in El Paso & Douglas County; including Colorado Springs, Monument, Fountain, Larkspur, Pueblo, Castle Rock, Manitou Springs, Woodland Park, Palmer Lake
www.Kathytorline.com and www.ColoradoSpringsVintageHomes.com
Posted by KAT
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