Understanding the Meaning of “Contingent” and “Pending” in Real Estate

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In the world of real estate, there are several terms that can be confusing for both buyers and sellers. One such term is “contingent.” Often used in conjunction with the term “pending,” “contingent” refers to a specific stage in the home buying or selling process. While “pending” and “contingent” are related, they do have distinct … Read more

Understanding Loan-to-Value (LTV) Ratio and its Importance

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When it comes to borrowing money for a major purchase, such as buying a home or investing in real estate, understanding the Loan-to-Value (LTV) ratio is crucial. The LTV ratio is a financial term that measures the relationship between the loan amount and the appraised value of the property being financed. What is Loan-to-Value (LTV) … Read more