Home
Real Estate & Mortgage Glossary & Definitions
SELECT A TERM
401(k)/403(b)
401(k)/403(b) loan
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
Balloon payment
Bankruptcy
Bill of sale
Biweekly mortgage
Bond market
Bridge loan
Broker
Buydown
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
Commission
Common area assessments
Common areas
Common law
Community property
Comparable sales
Condominium
Condominium conversion
Condominium hotel
Construction loan
Contingency
Contract
Conventional mortgage
Convertible ARM
Cooperative (co-op)
Cost of funds index (COFI)
Credit
Credit history
Credit report
Credit repository
Creditor
Debt
Deed
Deed of trust
Deed-in-lieu
Default
Delinquency
Deposit
Depreciation
Discount points
Down payment
Due-on-sale provision
Earnest money deposit
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
Fannie Mae (FNMA)
Fannie Mae's Community Home Buyer's Program
Federal Housing Administration (FHA)
Fee simple
Fee simple estate
FHA mortgage
Firm commitment
First mortgage
Fixed-rate mortgage
Fixture
Flood insurance
Foreclosure
Government loan (mortgage)
Government National Mortgage Association (Ginnie Mae)
Grantee
Grantor
Hazard insurance
Home Equity Conversion Mortgage (HECM)
Home equity line of credit
Home inspection
Homeowner's insurance
Homeowner's warranty
Homeowners' association
HUD median income
HUD-1 settlement statement
Joint tenancy
Judgment
Judicial foreclosure
Jumbo loan
Lease
Lease option
Leasehold estate
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
Maturity
Merged credit report
Modification
Mortgage
Mortgage banker
Mortgage broker
Mortgage insurance (MI)
Mortgage insurance premium (MIP)
Mortgage life and disability insurance
Mortgagee
Mortgagor
Multidwelling units
Negative amortization
No cash-out refinance
No-cost loan
No-points loan
Note
Note rate
Notice of default
Original principal balance
Origination fee
Owner financing
Partial payment
Payment change date
Periodic payment cap
Periodic rate cap
Personal property
PITI
PITI reserves
Planned unit development (PUD)
Planned Unit Development (PUD)
Point
Power of attorney
Pre-approval
Pre-qualification
Prepayment
Prepayment penalty
Prime rate
Principal
Principal balance
Principal, interest, taxes, and insurance (PITI)
Private mortgage insurance (MI)
Promissory note
Public auction
Purchase agreement
Purchase money transaction
Qualifying ratios
Quitclaim deed
Rate lock
Real estate agent
Real Estate Settlement Procedures Act (RESPA)
Real property
Realtorý
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
Second mortgage
Secondary market
Secured loan
Security
Seller carry-back
Servicer
Servicing
Settlement statement
Subdivision
Subordinate financing
Survey
Sweat equity
Tenancy in common
Third-party origination
Title
Title company
Title insurance
Title search
Transfer of ownership
Transfer tax
Treasury index
Trustee
Truth-in-Lending
Two- to four-family property
Two-step mortgage
VA mortgage
Vested
Veterans Administration (VA)
Please select a term.
