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 term

Contributors in Real estate

Real estate > Mortgage

property usage

Banking; Mortgage

Denotes whether a property is a first home, second home, vacation home or a rental property.

balloon payment

Banking; Mortgage

A lump-sum payment due at the end of an earlier specified loan term with level monthly payments.

bankruptcy

Banking; Mortgage

A proceeding in a federal court in which a debtor, who owes more than his or her assets, can discharge personal liability for his or her debts. This may affect a borrower's ...

break-even point

Banking; Mortgage

The point at which a revenue or gain is equal to total expenses.

buydown

Banking; Mortgage

Money advanced by an individual (builder, seller, etc.) to reduce the monthly payments for a home mortgage either during the entire term or for an initial period of years.

cash-out refinancing

Banking; Mortgage

When the principal amount of a new mortgage is greater than the outstanding balance of the existing mortgage being refinanced, and a portion of the equity is converted to loan ...

cash reserve

Banking; Mortgage

The portion of assets that a borrower will have after the loan closing. Cash reserves may be required as part of the loan process to ensure the borrower has financial flexibility ...