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BuyNewBuyNow™ wants you to know all the facts about new home ownership to help you make an educated decision when it comes time to make the biggest purchase of you life. We are here to help you make your home more than just a house. Buy new and buy now. It's the smart thing to do for people looking for equity, appreciation and money saving tax deductions. While some naysayers point to a softening of the new home market, the reality is that there has never been a better time to buy a new home.
Alexander Homes Bigelow Homes
Grand Pointe Homes Howlett Homes
Kenar LLC Thrush Developers
Norwood Builders Remington Homes
Phoenix Developers Elliott Homes
West Point Builders Developmore Inc.
New West Realty Sexton Development
Joseph Douglas Homes Winchester Developments
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Learn more about why a new home is right for you, and about the home buying process.
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Joint Tenancy
A concurrent ownership by two or more persons with the first right of survivorship. This form of ownership is recognized by all but a small handful of states. Upon the death of a joint tenant, the interest does not pass to the joint tenant's heirs or devisees, but to the other joint tenant(s). Effectively, when a joint tenant dies, his or her interest is automatically extinguished. As a result of this, no interest exists which may be passed on after death by will. Likewise, no dower or curtesy can attach. Further, all un-foreclosed liens of one of the joint tenants placed on the land are extinguished. The same result occurs to any easements or leases which were granted by one of the joint tenants without the conveyance by the other joint tenants. Because no interest passes after death, there is no need for probate; the surviving tenant(s) retain the property.

Jumbo Mortgage Loan
A mortgage loan for an amount exceeding the Fannie Mae and Freddie Mac loan limit. In 2001, a residential mortgage loan over $275,000 is considered a jumbo loan. Because the two agencies can't purchase the loan from the lender, jumbo loans carry higher interest rates, generally about a quarter of a percentage point.

Junior Lien/Mortgage
An obligation, such as a second mortgage, that is subordinate in right or lien priority to an existing lien (senior loan) on the same real estate.