Mortgage and Real Estate Dictionary
Our Mortgage terms and Real Estate dictionary is here to assist you in understanding some of the mortgage terms and real estate terms that are used in the process of buying and selling real estate.
- A-Credit
- Acceleration clause
- Accrued Interest
- Adjustable Rate Mortgage (ARM)
- Adjusted balance
- Adjusted basis
- Adjustment cap
- Adjustment Date
- Adjustment Interval
- Adjustment Period
- Affordability Analysis
- Agreement for sale
- Agreement of sale
- Alienation Clause
- Alternative documentation
- Amortization
- Amortization schedule
- Amortization term
- Annual Debt Service
- Annual fee
- Annual Percentage Rate
- Annual Percentage Yield
- Application fee
- Appraisal
- Appraisal fraud
- Appraised value
- Appraiser
- Approval
- Approved appraiser
- APR
- APY
- ARM
- Assessment
- Assignment
- Assumption of Mortgage
- Assumable Mortgage
- Assumption Fee
- Authorization to release disclosure
- Authorized user
- Automated underwriting
- Automated underwriting system
- Average daily balance
- Back end fee
- Bad Faith Estimate
- Balance sheet
- Balance transfer
- Balance transfer fee
- Balloon mortgage
- Balloon Payment
- Balloon Payment mortgage
- Bankruptcy
- Bankruptcy trustee
- Bargain and sale deed
- Beacon score
- Before tax cash flow
- Beneficiary
- Bimonthly mortgage
- Binder
- Birddog
- Bi-weekly Mortgage Payments
- Blanket Mortgage
- Blemished Borrower
- Blind Advertising
- Blockbusting
- Bona Fide
- Bond
- Borrower
- Bridge Loan
- Broker
- Broker Commission
- Broker Price Opinion (BPO)
- Brokerage Business
- Builder financed construction
- Building developer
- Business Broker
- Business Brokerage
- Business transfer agents
- Buy Down
- Buy up
- Buyer default
- Buyers Market
- Buyer brokerage agreement
- Bylaws
- Caps (interest)
- Caps (payment)
- Capitalization rate
- Cash advance
- Cash advance fee
- Cash Back Scheme
- Cash break even ratio
- Cash Flow
- Cash out refinance
- Certificate of deposit
- Certificate of Eligibility
- Certificate of Occupancy
- Certificate of Reasonable Value
- Certificate of Sale
- Certificate of title
- Certificate of Veteran Status
- Change Frequency
- Chapter 7 Bankruptcy
- Chapter 11 Bankruptcy
- Chapter 13 Bankruptcy
- Closing
- Closing agent
- Closing Costs
- Closing instructions
- Clouds on Title
- Collateral
- Commercial properties
- Comparable market Analysis
- Co-Borrower
- COFI (Cost of Funds Index)
- Comparable properties
- Comparable Market Analysis (CMA)
- Concurrent Estate
- Condo association
- Conforming mortgage
- Constant-Maturity Treasury
- Construction Financing
- Construction loan
- Construction to perm loan
- Consumer
- Consumer Credit Protection Act
- Consumer Leasing Act
- Consumer Reporting Agency
- Contingencies
- Contingency
- Contract for Deed
- Contract Knavery
- Contract sale or deed
- Conventional loans
- Conventional mortgage
- Conversion clause
- Corporate finance
- Corporation
- Correspondent lender
- Cost depreciation approach (cost approach)
- Cost of funds index (COFI)
- Cost of Savings Index (COSI)
- Co-signing a note
- Covenant of seisin
- Credit
- Credit application
- Credit card
- Credit fraud
- Credit limit increase fee
- Credit line
- Credit rating
- Credit report
- Credit reporting agency
- Credit Risk Report
- Credit Score
- Credit union
- Credit worthiness
- Creditor
- Cumulative Interest
- Current Index Value
- Deadbeat
- Debt
- Debtaholic
- Debt Consolidation
- Debt Balance
- Debt Elimination
- Debt service
- Debt Service Coverage Ratio (DSCR)
- Debtor
- Debt to income ratio (DTI)
- Deed
- Deed in lieu of foreclosure
- Deed of Trust
- Deed recording fee
- Deed restrictions
- Default
- Deferred Interest
- Deficiency Judgment
- Deliquency
- Delinquent taxes
- Demand Clause
- Department of Veteran Affairs (VA)
- Depreciation
- Developer
- Direct lender
- Disaster Myopia
- Disclosures
- Discount Mortgage Broker
- Discount points
- Discretionary ARM
- Discretionary Income
- Disposable income
- Documentary Stamps
- Documentation requirements
- Down payment
- Dual apper
- Dual index mortgage
- Due-on-encumbrance clause
- Due on sale clause
- Dumpster diving
- Earnest deposit
- Earnest money
- Easement
- Easement appurtenant
- Easement in gross
- Effective annual yield
- Effective interest rate
- Eminent Domain
- Encroachment
- Encumbrances
- Encumbrance Clause
- Endorsement
- Entitlement
- Equal Credit Opportunity Act
- Equitable estate
- Equitable interest
- Equitable right of redemption
- Equitable title
- Equity
- Equity dividend rate
- Equity Grabbing
- Equity of Redemption
- Escalator clause
- Escheat
- Escrow
- Escrow abuse
- Escrow account
- Escrow agent
- Escrow disbursement order
- Escrow deposit
- Escrow Fees
- Escrow shortage
- Escrow payments
- Estate of inheritance
- Estoppel
- Estoppel Certificate
- Estoppel Letter
- Exclusive agency listing
- Exclusive Right of Sale listing
- Exculpatory Clause
- Exempt Property
- Executed contract
- Fair Credit Billing Act
- Fair Credit Reporting Act
- Fair Housing Act
- Fallout
- Fannie Mae
- Farmers Home Administration (FmHA)
- FDIC
- Federal Home Loan Bank Board (FHLBB)
- Federal Home Loan Mortgage Corporation (FHLMC)
- Federal Housing Administration (FHA)
- Federal National Mortgage Association (FNMA)
- Fee simple
- Fee ownership
- Fee Tail
- Fees
- FHA loan
- FHA Mortgage insurance
- FICO Score
- Fiduciary
- Final Prices
- Finance charge
- Financial institution
- Financial obligations
- Financial trustworthiness
- Financing points
- Finders Fee
- Firm Commitment
- First Mortgage
- First time home buyers
- Fixed Installment
- Fixed rate
- Fixed rate mortgage (FRM)
- Fixed Markup UML (Upfront Mortgage Lender)
- Fixture
- Flexible payment ARM
- Float
- Float-down
- Flood insurance
- Flood Insurance Disclosure
- Forbearance agreement
- Foreclosure
- Foreclosure attorney
- Foreclosure bail-out loan
- For sale by owner (FSBO)
- Fraud
- Fraudulent loan
- Freddie Mac
- Front end fees
- Full documetation loan (full doc loan)
- Fully amortizing ARM
- Fully amortized payment
- Fully Indexed Rate
- Future Interest
- Generic Prices
- Gift of equity
- Ginnie Mae
- Good fairy syndrome
- Good Faith Estimate (GFE)
- Government National Mortgage Association
- Government backed mortgages
- Grace period
- Graduated payment mortgage (GPM)
- Graduation period
- Graduation rate
- Grant deed
- Grantee
- Granting clause
- Grantor
- Gross income
- Gross income multiplier (GIM)
- Gross operating income
- Gross potential income
- Gross Rent Multiplier (GRM)
- Growing Equity Mortgage
- Guaranty
- Guarantee mortgage
- Guarantee mortgage price agreement
- Habendum clause
- Hazard insurance
- HELOC
- Home Equity Line of Credit
- Home equity loan
- Home inspection firm
- Homeowner association
- Identity fraud
- Identity theft
- Improved property
- Improvement
- Income
- Income producing property
- Income property loans
- Indexed ARM
- Insolvency
- Installment land contract
- Insurance premiums
- Interest
- Interest rate
- Interest rate index
- Interim loan
- Intestate
- Investment banking
- Investment real estate
- Investor
- Joint tenancy
- Land developer
- Land Contract
- Land installment contract
- Landlord
- Late fee
- Late payment
- Late payment fee
- Lead Based Paint Disclosure
- Lease
- Lease Option
- Leasehold
- Lender
- Lender agreement
- Lender requirements
- Lending institutions
- LIBOR
- Liens
- Life estate
- Life tenant
- Limited documentation loan
- Limited liability company
- Line of credit
- Listing agreement
- Listing contract
- Loan
- Loan agreement
- Loan application
- Loan balance
- Loan fees
- Loan contract
- Loan documents
- Loan officer
- Loan package
- Loan provider
- Loan note
- Loan servicer
- Loan-to-Value ratio (LTV)
- Market value
- Mechanic's lien
- Mineral lease
- MPSP Value
- Monthly interest rates
- Monthly Payments
- Mortgagee
- Mortgage
- Mortgage backed securities (MBS)
- Mortgage banker
- Mortgage broker
- Mortgage broker fee
- Mortgage Commitment
- Mortgage company
- Mortgage Disclosures Act
- Mortgage fraud
- Mortgage fraud ring
- Mortgage insurance
- Mortgage lender
- Mortgage loans - Frank make sure you also do without the S at end
- Mortgage modification
- Mortgage note
- Mortgage originator
- Mortgage payment
- Mortgage payouts
- Mortgage principal
- Mortgage rate lock
- Mortgagor
- Most Probable Selling Price Valuation
- Multiple Listing Service (MLS)
- National Association of Home Builders (NAHB)
- National Housing Act of 1934
- NCUA
- Negative amortization
- Net operating income
- No documentation loan (No doc loan)
- Non-conforming mortgage
- Non-exempt assets
- Non-representative broker
- Note rate
- Occupancy fraud
- One-time fees
- Operating expenses
- Option ARM
- Origination fee
- Over the credit limit fee
- Partnership
- Payment shock
- PITI
- Plat
- Portfolio lender
- Potential Gross Income
- Predatory lenders
- Predatory lending
- Pre-foreclosure
- Prepayment penalties
- Pre-payment Penalty Disclosure
- Prescriptive Easement
- Prime rate
- Principal and Interest
- Private lender
- Private Mortgage Insurance
- Processing fee
- Promissory note
- Property taxes
- Quiet title proceeding
- Quitclaim deed
- Rate
- Rate lock
- Real estate
- Real estate agency
- Real estate agent
- Real estate attorney
- Real estate broker
- Real Estate Contract
- Real estate fraud
- Referral fee
- Refinance
- Release of deposit
- Repayment terms
- Residential properties
- Real Estate Settlement Procedures Act (RESPA)
- Restrictive covenants
- Return item fee
- Return on equity
- Reverse mortgage
- Revolving credit
- Right of survivorship
- Right to receive appraisal disclosure
- Right to Rescission Disclosure
- Rural Housing Service
- S Corporation
- Savings account
- Second mortgage
- Secondary market
- Section 8
- Seller Default
- Seller Disclosure
- Settlement
- Settlement document
- Settlement statement
- Set-up fee
- Short sale
- Single agent
- Special assessment
- Standby loan commitment
- Stated documentation loan (Stated loan)
- Straw borrower
- Sub prime lenders
- Sub-prime market
- Subrogation
- Survey
- Tax foreclosure sale
- Tenancy by the entirety
- Tenancy in common
- Tenant
- Title
- Title company
- Title insurance
- Title search
- Total Debt service
- Transaction broker
- Trust
- Trust deed
- Truth-in-Lending act
- Underwriting
- Upfront Mortgage lender
- VA loan
- Vacant land
- Variable rate
- Variable rate mortgage
- Verification of Deposit
- Verification of Employment
- Verification of Income
- Warranty Deed
- Wholesale properties
- Wire transfer
- Yield spread
- Yield spread premium
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