- A -

Acceleration clause

Acceptable debt

Acceptance

Acre

Adjustable rate mortgage (ARM)

Adjusted cost basis

Adjusted gross income

Adjustment date

Adjustment period

Administrator (trix)

Amortization

Amortization schedule

Amortization term

Annual Percentage Rate (APR)

Application

Appraisal/Appraiser

Appreciation

Assessed value

Assessment

Asset

Assumable mortgage

Assumption

Assumption clause

Assumption fee

- B -

Back ratio

Balloon mortgage

Balloon note

Balloon payment

Bankruptcy

Before-tax income

Beneficiary

Bill of sale

Biweekly payment mortgage

Blanket insurance policy

Blanket mortgage

Bond

Breach of contract

Bridge loan

Building code

Buydown

Buydown account

- C -

Cap

Capital

Capital gain

Capital gains tax

Capital improvement

Cash-out refinance

Cash reserves

Certificate of deposit (CD)

Closing costs

Closing date

Closing statement

Cloud on title

Collateral

Collection

Community property

Comparable sale (Comp)

Condemnation

Conforming loan

Consumer reporting bureau (agency)

Contingency

Contract of sale

Conventional mortgage

Convertible ARM

Cooperative (Co-op)

Cost of funds index (COFI)

Covenants, conditions and restrictions (CC&Rs)

- D -

Date of last delinquency

Debt

Deed

Deed of trust

Default

Deferred interest

Deficiency judgment

Delayed adjustable rate mortgage

Delinquency

Deposit

Deposit receipt

Depreciation

Discount point

Disposable income

Down payment

Due-on-sale clause

- E -

Earnest money

Easement

Effective age

Effective rate

Eminent domain

Encroachment

Encumbrance

Equity

Escrow

Escrow account

Escrow agent/officer

Estate

Executor

- F -

Fair market value

FLMC (Freddie Mac)

FHA

FNMA (Fannie Mae)

Fee simple

FHA mortgage

Fixed rate mortgage

Fixture

Foreclosure

Forfeiture

Front ratio

Full disclosure

Functional obsolescence

- G -

Garbage fees

Gift

Gift deed

Good Faith Estimate

Government mortgage

GNMA (Ginnie Mae)

Grant deed

Grantee

Grantor

Guarantee mortgage

- H -

Hazard insurance

Home equity line
of credit

Home equity loan

Home inspection

Home Owners' Association

Home Owners' Association dues

Home owner's insurance

HUD-1

- I -

Impound account

Income property

Index

Inflation

Initial interest rate

Installment

Installment sales contract

Insurance

Interest/Interest rate

Interest rate cap

Introductory rate

Investment property

- J -

Joint tenancy

Judgment

Judgment lien

Judicial foreclosure

Jumbo loan

- K -

- L -

Lease

Leasehold estate

Liability

Lien

Lifetime rate cap

Liquid asset

Loan

Loan origination fee

Loan processor

Loan-to-value ratio (LTV)

Lock-in rate

Lock period

- M -

Margin

Maturity

Mechanic's lien

Mortgage

Mortgage banker

Mortgage broker

Mortgagee

Mortgage insurance (MI)

Mortgage Insurance Premium (MIP)

Mortgage life insurance

Mortgagor

Mutual Mortgage Insurance (MMI)

- N -

Negative amortization

Net rental income

Non-conforming loans

Non-institutional lender

Non-liquid asset

Note

- O -

Origination fee

- P -

Payment cap

Permanent loan

Personal property

Piggy back loan

Planned Unit Development (PUD)

Point

Portfolio loan

Pre-Approval

Preliminary title report

Premium

Prepaid items

Prepayment

Prepayment penalty

Pre-Qualification

Principal

Principal balance

PITI

Private lender

Private mortgage insurance

Promissory note

Public auction

- Q -

Qualifying ratios

Quitclaim deed

- R -

Rate lock

Real Estate Settlement Procedure Act

Real property

Rebate point

Record

Refinance

Regulation Z

Remaining balance

Remaining term

Rent

Repayment plan

Reset

Residential loan application form (1003)

Reverse mortgage

Revolving credit

- S -

Sale-leaseback

Sales comparable

Seasonal income

Second mortgage

Security

Settlement

Sweat equity

- T -

Take-out loan

Teaser rate

Tenancy in common

Title

Title insurance

Title (insurance) company

Title report

Title search

Trailing spouse income

Transfer of ownership

Transfer tax

Trustee's sale

Truth-in-lending act

Two-step mortgage

- U -

Underwriting

Unsecured loan

- V -

VA loan

Value

Verification of deposit

- W -

Wraparound mortgage

- XYZ -

Zoning ordinance