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 
qualification
Banking; Mortgage
The process of determining whether a prospective borrower has the ability, meaning sufficient assets and income, to repay a loan.
qualification rate
Banking; Mortgage
The interest rate used in calculating the initial mortgage payment in qualifying a borrower.
qualification ratios
Banking; Mortgage
Requirements stipulated by the lender that the ratio of housing expense to borrower income, and housing expense plus other debt service to borrower income, cannot exceed specified ...
qualification requirements
Banking; Mortgage
Standards imposed by lenders as conditions for granting loans, including maximum ratios of housing expense and total expense to income, maximum loan amounts, maximum loan-to-value ...
rate protection
Banking; Mortgage
Protection for a borrower against the danger that rates will rise between the time the borrower applies for a loan and the time the loan closes.
rate sheets
Banking; Mortgage
Tables of interest rates and points that lenders distribute daily to their loan officer employees or mortgage brokers.
referral fees
Banking; Mortgage
Payments made by service providers to other parties as quid pro quo for referring customers. For example, a title company provides something of value to a Realtor or lender for ...
Sub-categories
- Commercial (226)
- Contracts (13098)
- Corporate (746)
- Home improvement (1576)
- Mortgage (522)
- Residential (169)