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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.
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Real estate > Mortgage 
float-down
Banking; Mortgage
A rate lock, plus an option to reduce the rate if market interest rates decline during the lock period. Also called a cap.
foreclosure
Banking; Mortgage
A legal procedure in which property mortgaged as security for a loan is sold to pay the defaulting borrower's debt.
front-end fee
Banking; Mortgage
Mortgage broker income paid by the borrower, as distinguished from the fee paid by the lender, which is "back-end".
generic prices
Banking; Mortgage
Prices that assume a more or less standardized set of transaction characteristics that generally command the lowest prices.
gift of equity
Banking; Mortgage
A sale price below market value, where the difference is a gift from the sellers to the buyers. Such gifts are usually between family members.
good faith estimate
Banking; Mortgage
The form that lists the settlement charges the borrower must pay at closing, which the lender is obliged to provide the borrower within three business days of receiving the loan ...
Sub-categories
- Commercial (226)
- Contracts (13098)
- Corporate (746)
- Home improvement (1576)
- Mortgage (522)
- Residential (169)