Glossary Index

  • 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
  • homeowners' association
  • homeowner's insurance
  • homeowner's warranty
  • HUD median income
  • HUD-1 settlement statement
  • joint tenancy
  • judgment
  • judicial foreclosure
  • jumbo loan
  • late charge
  • 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
  • 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)
  • 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
  • purchase agreement
  • purchase money transaction
  • qualifying ratios
  • quitclaim deed
  • rate lock
  • real estate agent
  • Real Estate Settlement Procedures Act (RESPA)
  • real property
  • Realtor\'ae
  • 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)


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