Home > Industry/Domain > Real estate
Real estate
Of or pertaining to property of land and the buildings on it. This also includes any minerals, crops, or any other natural resource. The business of real estate is the buying, selling, or renting property.
6Categories 16551Terms
Add a new termContributors in Real estate
Real estate > Mortgage 
mortgage lender
Banking; Mortgage
The party who disburses funds to the borrower at the closing table. The lender receives the note evidencing the borrower's indebtedness and obligation to repay, and the mortgage ...
mortgage modification
Banking; Mortgage
A change in the terms of a loan, usually the interest rate and/or term, in response to the borrower's inability to make the payments under the existing contract.
mortgage payment
Banking; Mortgage
The monthly payment of interest and principal made by the borrower.
net branch
Banking; Mortgage
A facility offered by some lenders to mortgage brokers where de jure the brokers become employees of the lender but de facto they retain their independence as brokers.
net jumping
Banking; Mortgage
Using a broker's time and expertise to become informed and creditworthy, then jumping to the internet to get the loan.
nichification
Banking; Mortgage
Proliferation in the number of loan, borrower and property characteristics used by lenders to set mortgage prices and underwriting requirements.
no ratio loan
Banking; Mortgage
A documentation requirement where the applicant's income is disclosed and verified but not used in qualifying the borrower. The conventional maximum ratios of expense to income ...
Sub-categories
- Commercial (226)
- Contracts (13098)
- Corporate (746)
- Home improvement (1576)
- Mortgage (522)
- Residential (169)