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Real Estate Investing Information
Established in 2002

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A
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

B
Balloon mortgage	Balloon payment	Bankruptcy
Bill of sale	Biweekly mortgage	Bond market
Bridge loan	Broker	Buydown

C
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	creditor	credit report
credit repository

D
debt	deed	deed-in-lieu
deed of trust	default	delinquency
deposit	depreciation	discount points
down payment	due-on-sale provision

E
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

F
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	401(k)/403(b)
401(k)/403(b) loan

G
government loan (mortgage)	Government National Mortgage Association (Ginnie Mae)	grantee
grantor

H
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

I

J
joint tenancy	judgmentjudgment	judicial foreclosure
jumbo loan

K

L
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

M
margin	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
N
negative amortization	no cash-out refinance	no-cost loan
note	note rate	no-cost loan
notice of default

O
original principal balance	origination fee	owner financing

P
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
Planned Unit Development (PUD)	purchase agreement	purchase money transaction

Q
qualifying ratios	quitclaim deed

R
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

S
sale-leaseback	second mortgage	secondary market
secured loan	security	seller carry-back
servicer	servicing	settlement statement
subdivision	subordinate financing	survey
sweat equity

T
tenancy in common	third-party origination	title
title company	title insurance	title search
transfer of ownership	transfer tax	Treasury index
Tuth-in-Lending	two-step mortgage	two- to four-family property
trustee
U

V
VA mortgage	vested	Veterans Administration (VA)

W

X

Y

Z

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