Home Realty & Land Co
Home Realty & Land Co
(559) 784-4000
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Real Estate Glossary

  A
  1. Acceleration Clause
  2. Acceptance
  3. Additional Principal Payment
  4. Adjustable-Rate Mortgage (ARM)
  5. Adjusted Basis
  6. Adjustment Date
  7. Adjustment Period
  8. Administrator
  9. Affidavits
  10. Affordability Analysis
  11. Amenity
  12. Amortization
  13. Amortization Schedule
  14. Amortization Term
  15. Amortize
  16. Annual Mortgagor Statement
  17. Annual Percentage Rate (APR)
  18. Annuity
  19. Application
  20. Appraisal
  21. Appraised Value
  22. Appraiser
  23. Appreciation
  24. Assessed Value
  25. Assessment
  26. Assessment Rolls
  27. Assessor
  28. Asset
  29. Assignment
  30. Assumable Mortgage
  31. Assumption
  32. Assumption Clause
  33. Assumption Fee
  34. Attorney-in-fact
  35. Automated Underwriting
B
  1. Balance Sheet
  2. Balloon Mortgage
  3. Balloon Payment
  4. Bankrupt
  5. Bankruptcy
  6. Before-Tax Income
  7. Beneficiary
  8. Bequeath
  9. Betterment
  10. Bill of Sale
  11. Binder
  12. Biweekly Mortgages
  13. Biweekly Payment Mortgage
  14. Blanket Insurance Policy
  15. Blanket Mortgage
  16. Bona Fide
  17. Bond
  18. Breach
  19. Bridge Loan
  20. Broker
  21. Budget
  22. Budget Category
  23. Building Code
  24. Buydown Account
  25. Buydown Mortgage
C
  1. Call Option
  2. Cap
  3. Capacity
  4. Capital
  5. Capital Expenditure
  6. Capital Improvement
  7. CD-Indexed (Certificate of Deposit) ARMs
  8. Certificate of Deposit
  9. Certificate of Deposit Index
  10. Certificate of Eligibility
  11. Certificate of Reasonable Value (CRV)
  12. Certificate of Title
  13. Chain of Title
  14. Change Frequency
  15. Change Orders
  16. Chattel
  17. Clear Title
  18. Closing
  19. Closing Agent
  20. Closing Cost Item
  21. Closing Costs
  22. Closing Date
  23. Co-Maker
  24. Coinsurance
  25. Coinsurance Clause
  26. Collateral
  27. Collection
  28. Commercial Banks
  29. Commission
  30. Commitment Letter
  31. Common Area Assessments
  32. Common Areas
  33. Common Law
  34. Community Land Trust Mortgage Option
  35. Community Property
  36. Community Seconds
  37. Comparables
  38. Compound Interest
  39. Condemnation
  40. Condition of the Home
  41. Condominium
  42. Condominium Conversion
  43. Condominium Hotel
  44. Construction Contract
  45. Construction Loan
  46. Contingencies for Repairs
  47. Contract
  48. Contractor
  49. Conventional Mortgage
  50. Convertibility Clause
  51. Convertible ARM
  52. Cooperative (co-op)
  53. Cooperative Corporation
  54. Cooperative Mortgages
  55. Cooperative Project
  56. Corporate Relocation
  57. Cost of Funds Index (COFI)
  58. Costs for Settling Into Your Home
  59. Covenant
  60. Credit
  61. Credit Bureau
  62. Credit History
  63. Credit Life Insurance
  64. Credit Profile
  65. Credit Report
  66. Credit Report Fee
  67. Credit Reporting Agency
  68. Credit Repository
  69. Credit Scoring
  70. Credit Unions
  71. Creditor
  72. Cash-Out Refinance
  73. Cloud on Title
  74. Contingency
  75. Contingency for Clear Title
  76. Contingency for Financing
  77. Contingency for Personal Property
  78. Contingency Reserve
D
  1. Debt
  2. Deed
  3. Deed of Trust
  4. Default
  5. Delinquency
  6. Department of Veternas Affairs (VA)
  7. Deposit
  8. Depreciation
  9. Discount Points
  10. Detached Single-Family Home
  11. Direct Leveraging Loan Program
  12. Down Payment
  13. Dower
  14. Due-on-sale Provision
  15. Due-on-transfer Provision
  16. Deed-in-Lieu
E
  1. Equal Credit Opportunity Act (ECOA)
  2. Earnest Money Deposit
  3. Easement
  4. Effective Age
  5. Effective Gross Income
  6. Eminent Domain
  7. Encroachment
  8. Encumbrance
  9. Endorser
  10. Equity
  11. Errors in Credit Report
  12. Escrow
  13. Escrow Account
  14. Escrow Analysis
  15. Escrow Collections
  16. Escrow Disbursements
  17. Estate
  18. Escrow Payment
  19. Establishing a Credit Report
  20. Eviction
  21. Examination of Title
  22. Exclusive Listing
  23. Executor
F
  1. Fair Credit Reporting Act
  2. Fair Market Value
  3. Fannie Mae (FNMA)
  4. Federal Housing Administration (FHA)
  5. Fee Simple
  6. Fee Simple Estate
  7. FHA Coinsured Mortgage
  8. FHA Loans
  9. FHA Mortgage
  10. Final Walk-Through Inspection
  11. Firm Commitment
  12. Financial Index
  13. Finder's Fee
  14. First Mortgage
  15. First and Second Mortgages
  16. Fixed Installment
  17. Fixed-Rate Mortgage
  18. Fixed-Period Adjustable-Rate Mortgages
  19. Fixture
  20. Flood Insurance
  21. Foreclosure
  22. Forfeiture
  23. Fully Amortized ARM
G
  1. General Contractor
  2. Good Faith Estimate
  3. Governmnet Mortgage
  4. Government National Mortgage Association
  5. Grantee
  6. Grantor
  7. Ground Rent
  8. Group Home
  9. Growing-Equity Mortgage (GEM)
  10. Guarantee Mortgage
  11. Guaranteed Loan
H
  1. Hazard Insurance
  2. Home Equity Conversion Mortgage (HECM)
  3. Home Equity Line of Credit
  4. Home Inspection
  5. Homeowner's Insurance
  6. Homeowner's Insurance for Reverse Mortgages
  7. Homeowners' Association
  8. Homeowner's Warranty (HOW)
  9. HomeStyle Construction-to-Permanent Mortgage
  10. HomeStyle Mortgage Loan
  11. Housing Expense Ratio
  12. HUD-1 Statement
  13. HUD Median Income
I
  1. In-File Credit Report
  2. Income Property
  3. Index
  4. Inflation
  5. Initial Interest Rate
  6. Installment
  7. Installment Loan
  8. Insurable title
  9. Insurance
  10. Insurance Binder
  11. Insured Mortgage
  12. Interest
  13. Interest Accrual Rate
  14. Interest Rate
  15. Interest Rate Buydown Plan
  16. Interest Rate Ceiling
  17. Interest Rate Floor
  18. Interest Rate for HECMs
  19. InterestFirstSM Mortgage
  20. Investment Property
  21. IRA (Individual Retirement Account)
J
  1. Joint Tenancy
  2. Judgment
  3. Judgment Lien
  4. Judicial Foreclosure
  5. Jumbo Loan
L
  1. Late Charge
  2. Lease
  3. Lease-purchase Mortgage Loan
  4. Lease-purchase Option
  5. Leasehold Estate
  6. Legal Description
  7. Liabilities
  8. Liability Insurance
  9. LIBOR-based ARMs
  10. Lien
  11. Lifetime Payment Cap
  12. Lifetime Rate Cap
  13. Line of Credit
  14. Liquid Asset
  15. Loan
  16. Loan Application
  17. Loan Commitment
  18. Loan Limit
  19. Loan Origination
  20. Loan Origination Fee
  21. Loan Terms and Conditions
  22. Loan-To-Value (LTV) Percentage
  23. Lock-in
  24. Lock-in Period
M
  1. Manufactured Housing
  2. Margin
  3. Market Value
  4. Master Association
  5. Maturity
  6. Maximum Claim Amount
  7. Maximum Financing
  8. Merged Credit Report
  9. Modification
  10. Money Market Account
  11. Money Market Fund
  12. Monthly Fixed Installment
  13. Monthly Payment Mortgage
  14. Mortgage
  15. Mortgage Banker
  16. Mortgage Banking Companies
  17. Mortgage Broker
  18. Mortgage Insurance
  19. Mortgage Insurance Premium (MIP)
  20. Mortgage Life Insurance
  21. Mortgage-Related Closing Costs
  22. Mortgagee
  23. Mortgagor
  24. Multidwelling Units
  25. Multifamily Properties
  26. Multifamily Mortgage
N
  1. Negative Amortization
  2. No Cash-Out Refinance
  3. Net Cash Flow
  4. Note
  5. Nonliquid Asset
  6. Note Rate
  7. Notice of Default
O
  1. Occupancy Date
  2. Offer
  3. Ongoing Costs
  4. One-Year Adjustable-Rate Mortgage
  5. Original Principal Balance
  6. Origination Fee
  7. Other Buyer Costs
  8. Other Contingencies
  9. Other Financial Companies
  10. Owner Financing
P
  1. Planned Unit Development (PUD)
  2. Partial Payment
  3. Payment Change Date
  4. Periodic Payment Cap
  5. Periodic Rate Cap
  6. Permits
  7. Personal Property
  8. PITI
  9. PITI Reserves
  10. Planned Unit Development (PUD)
  11. Point
  12. Power of Attorney
  13. Pre-Approval
  14. Pre-Qualification
  15. Prearranged Refinancing Agreement
  16. Preforeclosure Sale
  17. Prepayment
  18. Prepayment Penalty
  19. Prime Rate
  20. Principal
  21. Principal Balance
  22. Private Mortgage Insurance (PMI)
  23. Promissory Mote
  24. Public Auction
  25. Purchase and Sale Agreement
  26. Purchase Money Transaction
Q
  1. Qualifying Ratios
  2. Quitclaim Deed
  3. Qualifying Guidelines
R
  1. Real Estate Settlement Procedures Act (RESPA)
  2. Realtor
  3. Radon
  4. Rate Caps
  5. Rate-Improvement Mortgage
  6. Rate Lock
  7. Ratified Sales Contract
  8. Real Estate Agent
  9. Real Estate Attrorney
  10. Real Property
  11. Recorder
  12. Recission
  13. Recording
  14. Refinance Transaction
  15. Rehabilitation Escrow Account
  16. Rehabilitation Mortgage
  17. Remaining Balance
  18. Remaining Term
  19. Rent Loss Insurance
  20. Rent with Option to Buy
  21. Repayment Plan
  22. Replacement Reserve Fund
  23. Reverse Mortgage Counseling
  24. Revolving Liability
  25. RHS Loans
  26. Right of First Refusal
  27. Right of Ingress or Engress
  28. Right of Survivorship
  29. Rural Housing Service (RHS)
S
  1. Sale-Leaseback
  2. Second Mortgage
  3. Secondary Mortgage Market
  4. Savings and Loans
  5. Secured Loan
  6. Security
  7. Seller Take-Back
  8. Servicer
  9. Seller Versus Buyer Closing Costs
  10. Servicing
  11. Settlement
  12. Settlement Sheet
  13. Single-Family Properties
  14. Six-Month Adjustable-Rate Mortgage
  15. Special Deposit Account
  16. Standard Payment Calculation
  17. Subdivision
  18. Step-Rate Mortgage
  19. Subordinate Financing
  20. Subsidized Second Mortgage
  21. Survey
  22. Sweat Equity
T
  1. Truth-in-Lending
  2. Taxes and Insurance
  3. Tenancy in Common
  4. Tenancy by the Entirety
  5. Tenant-Stockholder
  6. Termite Inspection
  7. Third-Party Origination
  8. Thrifts
  9. Title
  10. Title Search
  11. Title Company
  12. Title Insurance
  13. Total Expense Ratio
  14. Transfer of Ownership
  15. Townhouse
  16. Trade Equity
  17. Transfer Tax
  18. Treasury Index
  19. Trustee
  20. Truth-in-Lending
  21. Two-Step Mortgage
  22. Two-to Four-Family Property
U
  1. Underwriting
  2. Unsecured Loan
V
  1. VA Mortgage
  2. Vested
  3. Veterans Administration (VA)
W-Z
  1. Ways of Obtaining a Loan
  2. What-if Analysis
  3. Wraparound Mortgage
  4. What-if Scenario
 

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