Recent Articles
3-minute read
Proprietary leases defined: What they are and how they impact co-ops
A proprietary lease provides co-op shareholders with the right to live in a specified apartment unit. Learn more about proprietary leases and how they work.<...
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4-minute read
Special assessment tax: A definition
Homeowners may have to pay a special assessment tax in addition to their property taxes. Learn more about how special assessment taxes work in real estate.
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5-minute read
Upfront Mortgage Insurance Premiums (UFMIP): What you need to know
If you have an FHA loan, you’ll encounter something called an upfront mortgage insurance premium (UFMIP). Uncover the facts about what it is and how it...
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4-minute read
What are mortgage servicing rights?
Mortgage servicing rights (MSR) are often transferred to a third-party that takes over the administrative tasks of servicing a mortgage in exchange for a fee...
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