Real Estate Glossary

 A
  1. acceleration clause
  2. adjustable-rate mortgage (ARM)
  3. adjustment date
  4. amortization
  5. amortization schedule
  6. annual percentage rate (APR)
  7. application
  8. appraisal
  9. appraised value
  10. appraiser
  11. appreciation
  12. assessed value
  13. assessment
  14. assessor
  15. asset
  16. assignment
  17. assumable mortgage
  18. assumption
B
  1. balloon mortgage
  2. balloon payment
  3. bankruptcy
  4. bill of sale
  5. biweekly mortgage
  6. bond market
  7. bridge loan
  8. broker
  9. buydown
C
  1. call option
  2. cap
  3. cash-out refinance
  4. certificate of deposit
  5. certificate of deposit index
  6. Certificate of Eligibility
  7. Certificate of Reasonable Value (CRV)
  8. chain of title
  9. clear title
  10. closing
  11. closing costs
  12. closing statement
  13. cloud on title
  14. co-borrower
  15. collateral
  16. collection
  17. commission
  18. common area assessments
  19. common areas
  20. common law
  21. community property
  22. comparable sales
  23. condominium
  24. condominium conversion
  25. condominium hotel
  26. construction loan
  27. contingency
  28. contract
  29. conventional mortgage
  30. convertible ARM
  31. cooperative (co-op)
  32. cost of funds index (COFI)
  33. credit
  34. credit history
  35. credit report
  36. credit repository
  37. creditor
D
  1. debt
  2. deed
  3. deed of trust
  4. deed-in-lieu
  5. default
  6. delinquency
  7. deposit
  8. depreciation
  9. discount points
  10. down payment
  11. due-on-sale provision
E
  1. earnest money deposit
  2. easement
  3. effective age
  4. eminent domain
  5. encroachment
  6. encumbrance
  7. Equal Credit Opportunity Act (ECOA)
  8. equity
  9. escrow
  10. escrow account
  11. escrow analysis
  12. escrow disbursements
  13. estate
  14. eviction
  15. examination of title
  16. exclusive listing
  17. executor
F
  1. Fair Credit Reporting Act
  2. fair market value
  3. Fannie Mae (FNMA)
  4. Fannie Mae's Community Home Buyer's Program
  5. Federal Housing Administration (FHA)
  6. fee simple
  7. fee simple estate
  8. FHA mortgage
  9. firm commitment
  10. first mortgage
  11. fixed-rate mortgage
  12. fixture
  13. flood insurance
  14. foreclosure
G
  1. government loan (mortgage)
  2. Government National Mortgage Association (Ginnie Mae)
  3. grantee
  4. grantor
H
  1. hazard insurance
  2. Home Equity Conversion Mortgage (HECM)
  3. home equity line of credit
  4. home inspection
  5. homeowner's insurance
  6. homeowner's warranty
  7. homeowners' association
  8. HUD median income
  9. HUD-1 settlement statement
J
  1. joint tenancy
  2. judgment
  3. judicial foreclosure
  4. jumbo loan
L
  1. late charge
  2. lease
  3. lease option
  4. leasehold estate
  5. legal description
  6. lender
  7. liabilities
  8. liability insurance
  9. lien
  10. life cap
  11. line of credit
  12. liquid asset
  13. loan
  14. loan officer
  15. loan origination
  16. loan servicing
  17. loan-to-value (LTV)
  18. lock-in
  19. lock-in period
M
  1. margin
  2. maturity
  3. merged credit report
  4. modification
  5. mortgage
  6. mortgage banker
  7. mortgage broker
  8. mortgage insurance (MI)
  9. mortgage insurance premium (MIP)
  10. mortgage life and disability insurance
  11. mortgagee
  12. mortgagor
  13. multidwelling units
N
  1. negative amortization
  2. no cash-out refinance
  3. no-cost loan
  4. no-cost loan
  5. note
  6. note rate
  7. notice of default
O
  1. original principal balance
  2. origination fee
  3. owner financing
P
  1. partial payment
  2. payment change date
  3. periodic payment cap
  4. periodic rate cap
  5. personal property
  6. PITI
  7. PITI reserves
  8. planned unit development (PUD)
  9. Planned Unit Development (PUD)
  10. point
  11. power of attorney
  12. pre-approval
  13. pre-qualification
  14. prepayment
  15. prepayment penalty
  16. prime rate
  17. principal
  18. principal balance
  19. principal, interest, taxes, and insurance (PITI)
  20. private mortgage insurance (MI)
  21. promissory note
  22. public auction
  23. purchase agreement
  24. purchase money transaction
Q
  1. qualifying ratios
  2. quitclaim deed
R
  1. rate lock
  2. real estate agent
  3. Real Estate Settlement Procedures Act (RESPA)
  4. real property
  5. Realtor
  6. recorder
  7. recording
  8. refinance transaction
  9. remaining balance
  10. remaining term
  11. rent loss insurance
  12. repayment plan
  13. replacement reserve fund
  14. revolving debt
  15. right of first refusal
  16. right of ingress or egress
  17. right of survivorship
S
  1. sale-leaseback
  2. second mortgage
  3. secondary market
  4. secured loan
  5. security
  6. seller carry-back
  7. servicer
  8. servicing
  9. settlement statement
  10. subdivision
  11. subordinate financing
  12. survey
  13. sweat equity
T
  1. tenancy in common
  2. third-party origination
  3. title
  4. title company
  5. title insurance
  6. title search
  7. transfer of ownership
  8. transfer tax
  9. Treasury index
  10. trustee
  11. Truth-in-Lending
  12. two- to four-family property
  13. two-step mortgage
V
  1. VA mortgage
  2. vested
  3. Veterans Administration (VA)
W-Z
  1. 401(k)/403(b)
  2. 401(k)/403(b) loan
 

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