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Side A ------ Side B
Condo - what do you own? ------ Own the studs in of single. Has shared / common areas. 
Co-op ------ Do not actually own the unit. Own an Interest / Stock in the unit. 
PUD ------ Planned-Unit Developements i.e. Retirement Community 
MUD ------ Mixed-Use Development i.e. High rise with stores / cinema in it / combo of things
Converted-Use PropertiesManufactured HousingModular HomesTime-Shares ------ 1) Something thats been converted into residential i.e. Warehouse, School, Factory etc2) = Mobile Home 3) Pre-fabricated. Each room made separate and dropped onto foundation by crane4) Own time
Basic costs of owning a home: PITI ------ Mortgage Principle and Interest, Taxes, Insurance.Remember 28% - Housing allowable36% - Housing and other Debts allowable
Tax Benefits oh home ownwership:  ------ $500,000 excluded from capital gains tax on proftis of sale by Married taxpayers filing jointly$250,000 Single filing
Equity is: ------ Increasing ownership interest and Represents the paid-off share of a property, not mortgaged. i.e. difference between Current Market Value (what you paid) and Property Debt (what you still owe)
Homeowners Insurance:Basic FormBroad FormFlood ------ Basic: Fire, Riots, Smoke etcBroad: Frozen Pipes, Ice, SnowFlood: Separate Insurance required by bank based on town maps of flood zones.

Side A ------ Side B
Condo - what do you own? ------ Own the studs in of single. Has shared / common areas. 
Co-op ------ Do not actually own the unit. Own an Interest / Stock in the unit. 
PUD ------ Planned-Unit Developements i.e. Retirement Community 
MUD ------ Mixed-Use Development i.e. High rise with stores / cinema in it / combo of things
Converted-Use PropertiesManufactured HousingModular HomesTime-Shares ------ 1) Something thats been converted into residential i.e. Warehouse, School, Factory etc2) = Mobile Home 3) Pre-fabricated. Each room made separate and dropped onto foundation by crane4) Own time
Basic costs of owning a home: PITI ------ Mortgage Principle and Interest, Taxes, Insurance.Remember 28% - Housing allowable36% - Housing and other Debts allowable
Tax Benefits oh home ownwership:  ------ $500,000 excluded from capital gains tax on proftis of sale by Married taxpayers filing jointly$250,000 Single filing
Equity is: ------ Increasing ownership interest and Represents the paid-off share of a property, not mortgaged. i.e. difference between Current Market Value (what you paid) and Property Debt (what you still owe)
Homeowners Insurance:Basic FormBroad FormFlood ------ Basic: Fire, Riots, Smoke etcBroad: Frozen Pipes, Ice, SnowFlood: Separate Insurance required by bank based on town maps of flood zones.