Refinance or refinancing is the process of acquiring a new mortgage to pay off the balance of an existing mortgage. Typically the new mortgage comes with better terms and condition. Also called as Refi. Here are some typical scenarios, usually when people consider refinancing: When there is a lower interest rate offer Borrower’s will to … Read more

Refi bubble


Refi bubble is referred to such a period when a significant number of existing mortgages are refinanced to take advantage of the drop in interest rates. A typical refi bubble is seen in the Real Estate market for home mortgages. According to Federal Reserve Bulletin in 2001 – 2003 an incredible number of mortgages are … Read more



Simply, a mortgage is a loan to purchase your home. A bank or mortgage lender gives you money to buy your dream house. Sounds great, huh! When you decided to buy a house and have decent monthly income but you could not pay the entire value now, then the bank or mortgage lenders come like … Read more


Turnkey, also spelled as Turn Key and Turn-key, typically means “Ready to use”. It refers to an object that is designed, supplied, built, installed, commissioned, fully complete and ready to use or operate. Turnkey implies that the end-user just needs to ‘turn the key’ to make the object functional, operational or usable. Turnkey object could … Read more

What is Exclusionary zoning? Context, History and Discrimination

Exclusionary zoning is a practice that has been used by zoning board, local planning authority or municipalities in the United States to restrict the development of certain types of housing in certain areas. This practice has been used to prevent the construction of low-income housing in wealthier neighborhoods, effectively limiting the ability of lower-income individuals … Read more

What is Downzoning?

Downzoning is a change in the zoning laws of a particular area that restricts the types of uses or development that can take place on a piece of property. When an area or a piece of land is downzoned, it is actually changed to a less intense use category from a more intense use category. … Read more

What is Aesthetic Zoning?

Aesthetic zoning is a type of zoning that is used in real estate development to regulate the appearance and design of buildings in a given area. This type of zoning is intended to create a cohesive and attractive visual environment by ensuring that new buildings are designed in a way that is consistent with the … Read more

What is Zoning?

Zoning is a regulatory approach to control how land or real estate of an area would be used. It divides the whole area into different zones. Such as: Commercial Industrial Residential and Agricultural The government applies zoning law to specify which area is to be used for what kind of zoning. As we see a … Read more

Spot zoning

Spot zoning is one kind of zoning variance. It is the process of singling out a plot of land or building within a larger zoned area for a different type of use. For example, a commercial building, park, or school might be granted within a strictly residential area, as surrounding residents may benefit from it. … Read more

What is Cluster Zoning?

Cluster zoning is a type of zoning that allows for increased density in exchange for open space. This can be done by clustering homes together and leaving open space in between, or by increasing the height limit on buildings. The purpose of cluster zoning is to allow for more development while still preserving some green … Read more