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Real Estate Glossary
Definitions A-G
Definitions H-N
Definitions O-Z
Other Definitions

GLOSSARY OF REAL ESTATE
AND MORTGAGE TERMS

Click on the letter....or click on the word/phrase.
A | B | C | D | E| F| G| H||J| L| M| N| O| P| Q| R| S| T V

acceleration clause
adjustable-rate mortgage (ARM)
adjustment date
amortization
amortization schedule
annual percentage rate (APR)
application
appraisal
appraised value
appraiser
appreciation
assessed value
assessment
assessor
asset
assignment
assumable mortgage
assumption
balloon mortgage    [Top]
balloon payment
bankruptcy
bill of sale
biweekly mortgage
bond market
bridge loan
broker
buydown
call option
cap    [Top]
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
co-borrower
collateral
collection
commission
common area assessments
common areas
common law
community property
comparable sales
completion
condominium
condominium conversion
condominium hotel
construction loan
contingency
contract
conventional mortgage
convertible ARM
cooperative (co-op)
cost of funds index (COFI)
credit
credit history
creditor
credit report
credit repository
debt    [Top]
deed
deed-in-lieu
default
delinquency
deposit
depreciation
discount points
down payment
due-on-sale provision
earnest money deposit    [Top]
easement
effective age
eminent domain
encroachment
encumbrance
Equal Credit Opportunity Act (ECOA)
equity
escrow
escrow account
escrow analysis
escrow disbursements
estate
eviction
examination of title
exclusive listing
executor
Fair Credit Reporting Act
fair market value    [Top]
Fannie Mae (FNMA)
Federal Housing Administration (FHA)
fee simple
fee simple estate
FHA mortgage
firm commitment
first mortgage
fixed-rate mortgage
fixture
flood insurance
foreclosure
401(k)/403(b)
401(k)/403(b) loan
government loan (mortgage)    [Top]
Government National Mortgage Association (Ginnie Mae)
grantee
grantor
hazard insurance    [Top]
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 statetment
joint tenancy    [Top]
judgment
judicial foreclosure
jumbo loan
late charge    [Top]
lease
leasehold estate
lease option
legal description
lender
liabilities
liability insurance
lien
life cap
line of credit
liquid asset
loan
loan officer
loan origination
loan servicing
loan-to-value (LTV)
lock-in
lock-in period
margin    [Top]
maturity
merged credit report
modification
mortgage
mortgage banker
mortgage broker
mortgagee
mortgage insurance (MI)
mortgage insurance premium (MIP)
mortgage life and disability insurance
mortgagor
multidwelling units
negative amortization    [Top]
no cash-out refinance
no-cost loan
note
note rate
no-cost loan
notice of default
original principal balance    [Top]
origination fee
owner financing
partial payment    [Top]
payment change date
periodic payment cap
periodic rate cap
personal property
PITI
PITI reserves
planned unit development (PUD)
point
power of attorney
pre-approval
prepayment
prepayment penalty
pre-qualification
prime rate
principal
principal balance
principal, interest, taxes, and insurance (PITI)
private mortgage insurance (MI)
promissory note
public auction
PUD (Planned Unit Development)
purchase agreement
purchase money transaction
qualifying ratios
quitclaim deed
rate lock    [Top]
real estate agent
Real Estate Settlement Procedures Act (RESPA)
real property
Realtor^®
recorder
recording
refinance transaction
remaining balance
remaining term
rent loss insurance
repayment plan
replacement reserve fund
revolving debt
right of first refusal
right of ingress or egress
right of survivorship
sale-leaseback    [Top]
second mortgage
secondary market
secured loan
security
seller carry-back
servicer
servicing
settlement statement
subdivision
subordinate financing
survey
sweat equity
tenancy in common    [Top]
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
VA mortgage    [Top]
vested
Veterans Administration (VA)

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Five of today's top-rated properties...

Detached House, Aylesford, Nova Scotia, Canada		Canada
... Bedrooms: 2 - Location: Mountains		CAD144,900.00 (USD142,086.68)

Detached House, Berwick, Nova Scotia, Canada		Canada
Pride of ownership is evident throughout this 4 bedroom, 2 bath, split entry home in welcoming Berwick. The oil furnace, chimney & oil flue were installed in 2004. The 10 x 28 deck spans almost the entire back of the house with patio doors leading into the dining room. Perfect for summer BBQs, watch... Bedrooms: 4 - Location: Inland		CAD134,500.00 (USD131,888.61)

Single Family Home, Parkers Cove, Nova Scotia, Canada		Canada
Located in the peaceful fishing village of Parkers Cove, this 3 bed 1 bath home is a stone throw away from the coast line and with its ocean view would make an ideal cottage, summer or year around home. A double garage and 16x16 outbuilding combined with large utility room and porch, this property p... Bedrooms: 3 - Location: Near Beach		CAD54,000.00 (USD52,951.56)

Duplex, Morden, Nova Scotia, Canada		Canada
This over/under duplex is a great investment property or home with in-law suite. The Two - 2 bedroom units have an excellent rental history with no lack of interested tenants. Upper unit pays $450 and lower $375. Tenants pay their own utilities. Many upgrades have been completed over the past two ye... Bedrooms: 4 - Location: Coastal		CAD99,000.00 (USD97,077.86)

Manufactured Home, Port George, Nova Scotia, Canada		Canada
Beautiful, almost new, one level living with acreage. This 3 bedroom, 2 bath home on just over 10 acres of land is situation only minutes from the Bay of Fundy. Acreage offers grapevines, high-bush blueberries, apple trees, open fields, forest and tree-lined driveway. Large Master bedroom features h... Bedrooms: 3 - Location: Coastal		CAD132,000.00 (USD129,437.14)


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RELATED WEBSITES

GLOSSARY OF REAL ESTATEAND MORTGAGE TERMS

GLOSSARY OF REAL ESTATE
AND MORTGAGE TERMS