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  2. ‘Less than a home deposit’: Why this 24-year-old bought a ...

    www.aol.com/finance/less-home-deposit-why-24...

    Instead of battling California’s escalating cost of living — where the median home price has surged to $773,363, reflecting a 5.1% increase over the past year, according to Zillow — Russell ...

  3. Security deposit - Wikipedia

    en.wikipedia.org/wiki/Security_deposit

    A security deposit is a sum of money held in trust. [ 1 ] In leasing, security deposits, also known as "rent deposits", [ 2 ] are required most often by lessors of automobiles , residential property, and commercial real estate .

  4. Deposit bond - Wikipedia

    en.wikipedia.org/wiki/Deposit_bond

    A deposit bond [1] or deposit guarantee is a type of surety bond, a financial instrument commonly used in Australia for a security deposit as an alternative to cash. Deposit bonds facilitate residential and commercial real property purchases. A buyer can use a deposit bond in the place of cash, by giving the seller a deposit bond at the time of ...

  5. Mortgage - Wikipedia

    en.wikipedia.org/wiki/Mortgage

    A mortgage loan or simply mortgage (/ ˈ m ɔːr ɡ ɪ dʒ /), in civil law jurisdictions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged.

  6. Check or calculate the value of a savings bond online - AOL

    www.aol.com/finance/check-calculate-value...

    The U.S. Treasury stopped issuing most paper savings bonds in 2012 (with the exception of taxpayers who use some of their tax refund to purchase paper bonds), but they never expire and there’s ...

  7. Your guide to Proposition 5: Making it easier to pass local ...

    www.aol.com/news/guide-proposition-5-making...

    The existing supermajority requirement for local bond approval goes back to the series of tax restrictions in California's Constitution inaugurated by the passage of Proposition 13 in 1978.

  8. Original issue discount - Wikipedia

    en.wikipedia.org/wiki/Original_issue_discount

    The daily portion of the discount uses a compounded interest formula with the principal recalculated every six months. The following table illustrates how to calculate the original issue discount for a $7,462 bond with a $10,000 repayment and a three-year maturity date: [2]

  9. Mortgage law - Wikipedia

    en.wikipedia.org/wiki/Mortgage_law

    Most "mortgages" in California are actually deeds of trust. [25] The effective difference is that the foreclosure process can be much faster for a deed of trust than for a mortgage, on the order of 3 months rather than a year. Because this foreclosure does not require actions by the court, the transaction costs can be quite a bit less.

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