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Real Estate Glossary
Cash reserves:
Lenders typically require buyers to have enough cash left over after purchasing a home to make two mortgage payments, to cover a financial emergency.
More Real Estate Terms>>
Helpful Tips
The Home Improvement Golden Rule
The most basic rule of home improvement says you should never –unless you don’t care about eventual resale value – improve a house to the point where its desired sales price would be more than 20 percent higher than the most expensive house in your neighborhood.
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