Real Estate Definitions

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our R.E. Definitions page
A
Acceleration Clause
Adjustable-Rate Mortgage (ARM)
Adjustment Date
Agent
Amortization
Amortization Schedule
Annual Percentage Rate (APR)
Application
Appraisal
Appraised Value
Appraiser
Appreciation
Assessed Value
Assessment
Assessor
Asset
Assignment
Assumable Mortgage
Assumption
A   B   C   D   E   F   G   H   I   J   K   L   M   N   O   P   Q   R   S   T   U   V   W   X   Y   Z
B
Balloon Mortgage
Balloon Payment
Bankruptcy
Bank Statements
Bill of Sale
Biweekly Mortgage
Bond Market
Bridge loan
Broker
Buydown
C
Call Option
Cap
Cash-out Refinance
Certificate of Deposit
Certificate of Deposit Index
Certificate of Eligibility
Certificate of Reasonable Value (CRV)
Chain of Title
Clear title
Closing
Closing Costs
Closing Statement
Cloud on Title
Co-borrower
Collateral
Collection
CMA
Commission
Common Area Assessments
Common Areas
Common Law
Community Property
Comparable Sales
Condominium
Condominium Conversion
Condominium Hotel
Construction Loan
Consumer
Contingency
Contract
Conventional Mortgage
Convertible ARM
Cooperative (co-op)
Cost of funds index (COFI)
Credit
Credit history
Creditor
Credit report
Credit repository
Credit score
D
Debt
Deed
Deed-in-lieu
Deed of trust
Default
Delinquency
Deposit
Depreciation
Disclosure
Discount points
Down payment
Due-diligence
Due-on-sale provision
E
Earnest money deposit
Easement
Effective age
Eminent domain
Employment history
Encroachment
Encumbrance
Equal Credit Opportunity Act (ECOA)
Equity
Escrow
Escrow account
Escrow analysis
Escrow disbursements
Estate
Evaluate
Eviction
Examination of title
Exclusive listing
Executor
Expiration Date
F
Fair Credit Reporting Act
Fair market value
Fannie Mae (FNMA)
Fannie Mae's Community Home Buyer's Program
Federal Housing Administration (FHA)
Fee simple
Fee simple estate
FHA mortgage
Financing
Firm commitment
First mortgage
First-Time buyers
Fixed-rate mortgage
Fixture
Flood insurance
Foreclosure
Funding
401(k)/403(b)
401(k)/403(b) loan
G
Government loan (mortgage)
Government National Mortgage Association
(Ginnie Mae)
Good Faith Estimate (GFE)
Grantee
Grantor
H
Hazard insurance
Home Equity Conversion Mortgage (HECM)
Home equity line of credit
Home inspection
Homeowners' association
Homeowner's insurance
Homeowner's warranty
HUD median income
HUD-1 settlement statement
J
Joint Tenancy
Judgment
Judicial Foreclosure
Jumbo loan
L
Lead based Paint
Lease
Leasehold estate
Lease option
Legal description
Lender
Liabilities
Liability Insurance
Lien
Life Cap
Line of credit
Liquid asset
Loan
Loan Commitment
Loan officer
Loan origination
Loan servicing
Loan-to-value (LTV)
Lock-in
Lock-in period
M
Margin
Maturity
Merged credit report
Mildew
MLS (Multiple Listing Services)
Modification
Mold
Monthly Payments
Mortgage
Mortgage banker
Mortgage broker
Mortgagee
Mortgage Insurance (MI)
Mortgage insurance premium (MIP)
Mortgage life and disability insurance
Mortgagor
Multi-dwelling units
N
National Association of Realtors
Negative Amortization
Negotiate
No cash-out refinance
No-cost loan
Note
Note rate
No-points loan
Notice of default
O
Offer
Original principal balance
Origination fee
Over-pricing
Owner financing
P
Partial payment
Payment change date
Paystubs
Periodic payment cap
Periodic rate cap
Personal property
PITI
PITI reserves
Planned unit development (PUD)
Point
Power of attorney
Pre-approval
Pre-payment
Pre-payment penalty
Pre-qualification
Pre-walk through
Primary residence
Prime rate
Principal
Principal balance
Principal, interest, taxes, and insurance (PITI)
Private mortgage insurance (MI)
Promissory note
Property list
Property value
Public auction
Purchase
Purchase agreement
Purchase money transaction
Q
Qualifying ratios
Quitclaim deed
R
Radon Gas
Rate lock
Real estate
Real estate agent
Real Estate Settlement Procedures Act (RESPA)
Real property
RealtorŪ
Recorder
Recording
Refinance transaction
Remaining balance
Remaining term
REO
Rent loss insurance
Repayment plan
Replacement reserve fund
Residence history
Revolving debt
Right of first refusal
Right of ingress or egress
Right of survivorship
S
Sale-leaseback
Second Home
Second mortgage
Secondary market
Secured loan
Security
Seller carry-back
Servicer
Servicing
Settlement statement
Subdivision
Subordinate financing
Survey
Sweat equity
T
Tax Returns
Tenancy in common
Term of Loan
Third-party origination
Title
Title company
Title insurance
Title search
Transfer of ownership
Transfer tax
Treasury index
Truth-in-Lending
Two-step mortgage
Two- to four-family property
Trustee
V
VA mortgage
Vested
Veterans Administration (VA)
I
Inspection
Interest rate
Intermediary
Investment Home
Investor
REALTOR

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