Team Steele Brothers of Edina Realty

St. Croix River Valley, WI & MN - Hudson, Wisconsin Real Estate
(888) RON-LUKE (888) 766-5853

Real Estate Glossary

CLICK ANY TERM FOR A DEFINITION
A \| B \| C \| D \| E \| F \| G \| H \| I \| J \| K \| L \| M \| N \| O \| P \| Q \| R \| S \| T \| U \| V \| W \| X \| Y \| Z

A

Acceleration Clause
Adjustable Rate Mortgage
Agent
Alternative Financing
Amortization
Amortization Schedule
Annual Percentage Rate
Application
Application Fee
Appraisal
Assessed Valuation
Assessment
Assets
Assumption
Assumption Fee

B

Balloon Mortgages
Balloon Payment
Borrower
Bridge Loan
Buydown

C

Cash Flow
Cash Out
Cash To Close
Closing
Closing Costs
Closing Statement
Co-Borrower
Collateral
Commitment Fee (Loan)
Condominium
Conforming Loan
Construction Loan
Contingency
Conventional Mortgage
Conversation Option
Convertible ARM
Co-Op
Creative Financing
Current Index

D

Debt Ratio
Deed
Deed Of Trust
Default
Deferred Interest Mortgage
Deficiency Judgment
Deposit
Depreciation
Discount Buydown
Discount Points
Discounted Loan
Disintermediation
Down Payment

E

Earnest Money
Effective Age
Equal Credit Opportunity Act (ECOA)
Equity
Equity Participation
Equity Sharing
Escrow

F

Federal Home Loan Mortgage Corporation (FHLMC)
Federal Housing Administration (FHA)
Federal Housing Administration (FHA) Loans
Federal National Mortgage Association (FNMA)
Firm Commitment
Fixed-Rate Mortgage
Foreclosure
Free Standing Store
Fully Indexed Note Rate

G

Garden Apartments
General Warranty Deed
Government National Mortgage Association (GNMA)
Graduated Payment Adjustable Rate Mortgage (GPARM)
Graduated Payment Mortgage (GPM)
Gross Margin (Profit Margin)
Growing Equity Mortgage (GEM)

H

Hazard Insurance
Heavy Industrial
High-Rise Apartments
Home Warranty Insurance

I

Impound Account
Income Ratio
Index
Initial Note Rate
Insurance of Title
Interest Cap
Interest Rate Buydown
Interim Financing
Investment Return

J

K

L

Lien
Life of Loan Cap
Light Industrial/Assembly
Loan Origination Fee
Lock-In Rate

M

Market Value
Mechanics Lien
Mid-Rise Apartments
Mortgage
Mortgage Yours
Mortgage Information Letter (MIL)
Mortgage Insurance Premium (MIP)
Mortgage Note
Mortgagee (Lender)
Mortgagor
Multiple Listing Service (MLS)

N

Negative Amortization
Negative Cash Flow
Note
Note Rate

O

Office/Warehouse or Research & Development
Origination Fee

P

P.I.T.I.
Payment Adjustment Period
Payment Cap
Payment Rate
Permanent Buydown
Permanent Loan
Pledged Account Buydown
Points
Prepayment Penalty
Prepayment Privilege
Primary Mortgage Market
Principal
Private Mortgage Insurance
Prorate

Q

Quit Claim Deed

R

Rapid Payoff Mortgage (RPM)
Real Estate Mortgage Investment Conduits (REMICs)
Real Estate Professional
Realtor
Refinance
Release of Liability
Renegotiable Rate Mortgage (RRM)
REO (Real Estate Owned)
Residual Income
Restriction
Reverse Annuity Mortgage (RAM)
Rollover Mortgage (ROM)

S

Satisfaction of Mortgage
Savings and Loans
Second Mortgage
Secondary Mortgage Market
See Escrow
Shared Appreciation Mortgage (SAM)
Shopping Center
Strip Commercial
Sweat Equity
Swing Loan

T

Telecommuting
Title
Title Company
Title Insurance

U

Usury

V

Vesting
Veterans' Administration Loans

W

Walk-Up Apartments
Warehouse Fee
Warehouse/Distribution
Wraparound Mortgage

X

Y

Yield

Z

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