Where cozy means tiny and charming means needs work.
A large, final payment due at the end of a loan term that covers the remaining principal balance. Named for its tendency to inflate your anxiety levels right before it's due.
The moment when your total homeownership costs equal what you would have spent renting, making your purchase financially justified. It's the mathematical validation you desperately need after signing that mortgage.
A real estate agent's estimate of market value, less formal than an appraisal but more affordable—the appraisal's sketchy cousin.
Coverage for properties under construction against damage or loss—the construction equivalent of 'hope for the best, insure for the worst.'