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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	J
Acceleration Clause
Adjustable Rate Mortgage	K
Agent
Alternative Financing	L
Amortization	Lien
Amortization Schedule	Life of Loan Cap
Annual Percentage Rate	Light Industrial/Assembly
Application	Loan Origination Fee
Application Fee	Lock-In Rate
Appraisal
Assessed Valuation	M
Assessment	Market Value
Assets	Mechanics Lien
Assumption	Mid-Rise Apartments
Assumption Fee	Mortgage
	Mortgage Yours
B	Mortgage Information Letter (MIL)
Balloon Mortgages	Mortgage Insurance Premium (MIP)
Balloon Payment	Mortgage Note
Borrower	Mortgagee (Lender)
Bridge Loan	Mortgagor
Buydown	Multiple Listing Service (MLS)

C	N
Cash Flow	Negative Amortization
Cash Out	Negative Cash Flow
Cash To Close	Note
Closing	Note Rate
Closing Costs
Closing Statement	O
Co-Borrower	Office/Warehouse or Research & Development
Collateral	Origination Fee
Commitment Fee (Loan)
Condominium	P
Conforming Loan	P.I.T.I.
Construction Loan	Payment Adjustment Period
Contingency	Payment Cap
Conventional Mortgage	Payment Rate
Conversation Option	Permanent Buydown
Convertible ARM	Permanent Loan
Co-Op	Pledged Account Buydown
Creative Financing	Points
Current Index	Prepayment Penalty
	Prepayment Privilege
D	Primary Mortgage Market
Debt Ratio	Principal
Deed	Private Mortgage Insurance
Deed Of Trust	Prorate
Default
Deferred Interest Mortgage	Q
Deficiency Judgment	Quit Claim Deed
Deposit
Depreciation	R
Discount Buydown	Rapid Payoff Mortgage (RPM)
Discount Points	Real Estate Mortgage Investment Conduits (REMICs)
Discounted Loan	Real Estate Professional
Disintermediation	Realtor
Down Payment	Refinance
	Release of Liability
E	Renegotiable Rate Mortgage (RRM)
Earnest Money	REO (Real Estate Owned)
Effective Age	Residual Income
Equal Credit Opportunity Act (ECOA)	Restriction
Equity	Reverse Annuity Mortgage (RAM)
Equity Participation	Rollover Mortgage (ROM)
Equity Sharing
Escrow	S
	Satisfaction of Mortgage
F	Savings and Loans
Federal Home Loan Mortgage Corporation (FHLMC)	Second Mortgage
Federal Housing Administration (FHA)	Secondary Mortgage Market
Federal Housing Administration (FHA) Loans	See Escrow
Federal National Mortgage Association (FNMA)	Shared Appreciation Mortgage (SAM)
Firm Commitment	Shopping Center
Fixed-Rate Mortgage	Strip Commercial
Foreclosure	Sweat Equity
Free Standing Store	Swing Loan
Fully Indexed Note Rate
	T
G	Telecommuting
Garden Apartments	Title
General Warranty Deed	Title Company
Government National Mortgage Association (GNMA)	Title Insurance
Graduated Payment Adjustable Rate Mortgage (GPARM)
Graduated Payment Mortgage (GPM)	U
Gross Margin (Profit Margin)	Usury
Growing Equity Mortgage (GEM)
	V
H	Vesting
Hazard Insurance	Veterans' Administration Loans
Heavy Industrial
High-Rise Apartments	W
Home Warranty Insurance	Walk-Up Apartments
	Warehouse Fee
I	Warehouse/Distribution
Impound Account	Wraparound Mortgage
Income Ratio
Index	X
Initial Note Rate
Insurance of Title	Y
Interest Cap	Yield
Interest Rate Buydown
Interim Financing	Z
Investment Return

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

RE/MAX Advantage Plus
17850 Kenwood Trail | Lakeville, MN 55044
Office: 952.898.5800 | Fax: 952.898.5801 | crlabeau@remax.net
www.labeauandassociates.com

Licensed in Minnesota