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1031 Exchange vs. Qualified Opportunity Zones - Provident 1031 Houston - The Woodlands

Article on Apr 23, 2022

1031 Exchange vs. Qualified Opportunity Zones: Which Is Better?

1031 Exchange vs. Qualified Opportunity Zones Instant & Long-Term Tax Advantages Today investors can structure real estate investments to generate...

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Article on Apr 16, 2022

The Typical 1031 Exchange Timeline

Infographic: The 1031 Exchange Timeline Share this Infographic Image on Your Site The 1031 Exchange Timeline 1031 Like-Kind Exchanges: Important...

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Article on Mar 26, 2022

Can You Live In A 1031 Exchange Property?

You may have invested in a 1031 exchange and are now considering converting the property into a primary residence; however,...

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Common Questions

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Glossary Definitions

periodic rate cap

For an adjustable-rate mortgage, a limit on the amount that the interest rate can increase or decrease during any one adjustment period, regardless of how high or low the index might be.

periodic payment cap

For an adjustable-rate mortgage where the interest rate and the minimum payment amount fluctuate independently of one another, this is a limit on the amount that payments can increase or decrease during any one adjustment period.

payment change date

The date when a new monthly payment amount takes effect on an adjustable-rate mortgage (ARM) or a graduated-payment mortgage (GPM). Generally, the payment change date occurs in the month immediately after the interest rate adjustment date.

partial payment

A payment that is not sufficient to cover the scheduled monthly payment on a mortgage loan. Normally, a lender will not accept a partial payment, but in times of hardship you can make this request of the loan servicing collection department.

owner financing

A property purchase transaction in which the property seller provides all or part of the financing.

origination fee

On a government loan the loan origination fee is one percent of the loan amount, but additional points may be charged which are called “discount points.” One point equals one percent of the loan amount. On a conventional loan, the loan origination fee refers to the total number of points a borrower pays.

original principal balance

The total amount of principal owed on a mortgage before any payments are made.

notice of default

A formal written notice to a borrower that a default has occurred and that legal action may be taken.

no-points loan

Almost all lenders offer loans at “no points.” You will find the interest rate on a “no points” loan is approximately a quarter percent higher than on a loan where you pay one point.

note rate

The interest rate stated on a mortgage note.

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Helpful Articles

Common Questions

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Glossary Definitions

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The Woodlands, Texas 77380

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The Woodlands, Texas 77380