Click on a letter below to jump to terms starting with that letter.
An owner or agent for owner who rents property to a tenant with an oral or written contract.
A penalty charge assessed on rent or a mortgage when payment is made after the due date.
A contract that gives possession of property to another for a consideration (usually rent) for a specific period of time.
A legal claim to a property, usually for a debt, that must be paid when the property is sold.
The process whereby a buyer assumes responsibility for the existing loan on the property.
LOAN ORIGINATION FEE
A charge by the lender to cover the time and processing fees.
A revised mortgage note to permanently change one or more of the loan terms to make the payments more manageable.
A written agreement guaranteeing the buyer a specific interest rate, provided the loan is closed within a set period of time.