Karen's Keywords
A glossary of some of the more common real estate terms!
- 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 Law
- Community Property
- Comparable Sales
- Condominium
- Condominium Conversion
- Condominium Hotel
- Construction Loan
- Contingency
- Contract
- Conventional Mortgage
- Convertable ARM
- Cooperative (co-op)
- Cost of Funds Index (COFI)
- Credit
- Credit History
- Credit Report
- Credit Repository
- Creditor
- Debt
- Deed
- Deed-in-Lieu
- Deed of Trust
- 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-1 Settlement Statement
- HUD Median Income
- Joint Tenancy
- Judgement
- 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
- 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
- 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
- Treasury Index
- Trustee
- Truth-in-Lending
- Two-step Mortgage
- Two- to Four-Family Property
- VA mortgage
- Vested
- Veterans Administration (VA)