Real Estate & Mortgage Glossary
Plain-English definitions for every real estate and mortgage term you'll encounter
75 terms found
A
Adjustable-Rate Mortgage (ARM)
mortgageAmortization
mortgageAnnual Percentage Rate (APR)
mortgageAppraisal
buyingAppreciation
generalAs-Is
buyingAssessed Value
generalB
Balloon Payment
mortgageBridge Loan
mortgageBuyer's Agent
buyingBuyer's Market
generalC
Cap Rate
investingCash Flow
investingCash-on-Cash Return
investingClear to Close (CTC)
mortgageClosing
buyingClosing Costs
buyingClosing Disclosure (CD)
mortgageComparable Sales (Comps)
buyingComparative Market Analysis (CMA)
buyingContingency
buyingConventional Loan
mortgageD
Days on Market (DOM)
generalDebt-to-Income Ratio (DTI)
mortgageDeed
legalDefault
mortgageDepreciation (Tax)
investingDown Payment
buyingDue Diligence
buyingE
Earnest Money Deposit (EMD)
buyingEquity
generalEscrow
buyingF
FHA Loan
mortgageFixed-Rate Mortgage
mortgageForeclosure
legalFor Sale By Owner (FSBO)
buyingG
Gross Rent Multiplier (GRM)
investingH
Hard Money Loan
mortgageHELOC
mortgageHOA (Homeowners Association)
generalHome Equity Loan
mortgageHome Inspection
buyingHomeowners Insurance
buyingI
Internal Rate of Return (IRR)
investingJ
Jumbo Loan
mortgageL
Lien
legalListing Agent
buyingLoan Estimate (LE)
mortgageLoan-to-Value Ratio (LTV)
mortgageM
Market Value
generalMLS (Multiple Listing Service)
buyingMonths of Inventory
generalMortgage Broker
mortgageMortgage Insurance Premium (MIP)
mortgageN
Net Operating Income (NOI)
investingO
Origination Fee
mortgageP
PITI
mortgagePMI (Private Mortgage Insurance)
mortgagePoints
mortgagePre-Approval
mortgagePrincipal
mortgageProperty Tax
generalR
Rate Lock
mortgageREALTOR®
buyingRefinancing
mortgageREO (Real Estate Owned)
buyingReturn on Investment (ROI)
investingS
Seller's Disclosure
legalSeller's Market
generalShort Sale
buyingT
Title
legalTitle Insurance
legalU
Underwriting
mortgageV
VA Loan
mortgageZ