What does AMV mean in Irish real estate?
An alert mortgage underwriter will ask for the applicant’s annual mortgage payment, the current principal balance on the mortgage and the total loan-to-value ratio. An alert underwriter won’t automatically reject an applicant due to a large mortgage balance, but they will want to verify that the money is being paid in a responsible way.
What does AMV mean in real estate terms?
The acronym AMV refers to the percentage of a property’s assessed value that is deemed to be mortgageable. The sum of the square footage of all rooms and finished areas, less unfinished space, is multiplied by the ‘assessed value to structure’ (AVS) percentage to get the total value of the property. The mortgage lender will determine the maximum loan amount for the property by adding in a percentage to cover the value of the property beyond the mortgageable value.
What does alluvium mean in real estate?
Alluvium is a term used to describe a layer of earth that flows down from a mountain’s surface or from a river’s banks. It’s usually the residual deposit of material left over when a river or stream deposits sand, silt, gravel, or other materials that it carries.
What do amv means in Irish real estate?
The acronym AMV is used in real estate for any mortgage that is advanced money at the time of purchase. An amv mortgage is a loan that the buyer gives to the seller at the time of purchase. When the buyer takes over the property, he or she has to pay the remaining balance of the mortgage in cash or through a traditional bank loan.
What does AH in real estate mean?
An acronym for “aerial height,” AH refers to the height of a property from street level to the highest point on the roof. This is of primary importance to people looking to buy or rent an apartment because the higher the property’s ceiling is, the more living space they will have. In addition, the higher the property is, the more sunlight it will receive.
