Curtis Weiers
Mobile: (763) 267-2312
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Curtis Weiers
Realtor
United Real Estate

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United Country - Premier Real Estate
140 Elm Street West
Annandale, MN 55302
 
(763) 267-2312 Cell
(320) 274-1341 Main
(320) 274-1345 FAX
 
 
 Real Estate Glossary
Negative Amortization:
This occurs when monthly payments fail to cover the interest cost. The interest not covered is added to the unpaid principal balance so that even after several payments, you could owe more than you did at the beginning of the loan.

More Real Estate Terms
 Buyer Tips
Taxes and Hazard Insurance:
Based on the month you close, property taxes will be prorated between you and the seller. You may also be required to pay a full year’s hazard insurance (or homeowner’s insurance) premium in advance. In addition, you may also be required to place funds into a special reserve account (impound account) for taxes and insurance, which is held by the lender. You absolutely must have this to obtain a mortgage.

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City or Township Kansas City, MO
Postal Code 64154, MO
School District School District, County, MO
Listing Service Area Area, MO
Address 123 Main St, Kansas City, MO
Street Main St, Kansas City, MO
Listing ID #123456
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