acceleration clause adjustable-rate mortgage (ARM) adjustment date amortization amortization schedule annual percentage rate (APR) application appraisal appraised value appraiser appreciation assessed value assessment assessor asset assignment assumable mortgage assumption balloon mortgage balloon payment bankruptcy bill of sale biweekly mortgage bond market bridge loan broker buydown call option cap cash-out refinance certificate of deposit certificate of deposit index Certificate of Eligibility Certificate of Reasonable Value (CRV) chain of title clear title closing closing costs co-borrower collateral collection commission common area assessments common areas common law community property comparable sales condominium condominium conversion condominium hotel construction loan contingency contract conventional mortgage convertible ARM cooperative (co-op) cost of funds index (COFI) credit credit history creditor credit report credit repository debt deed deed-in-lieu default delinquency deposit depreciation discount points down payment due-on-sale provision earnest money deposit easement effective age eminent domain encroachment encumbrance Equal Credit Opportunity Act (ECOA) equity escrow escrow account escrow analysis escrow disbursements estate eviction examination of title exclusive listing executor Fair Credit Reporting Act fair market value Fannie Mae (FNMA) Federal Housing Administration (FHA) fee simple fee simple estate FHA mortgage firm commitment first mortgage fixed-rate mortgage fixture flood insurance foreclosure 401(k)/403(b) 401(k)/403(b) loan government loan (mortgage) Government National Mortgage Association (Ginnie Mae) grantee grantor hazard insurance Home Equity Conversion Mortgage (HECM) home equity line of credit home inspection homeowners' association homeowner's insurance homeowner's warranty HUD median income HUD-1 settlement statement joint tenancy judgment judicial foreclosure jumbo loan late charge lease leasehold estate lease option legal description lender liabilities liability insurance lien life cap line of credit liquid asset loan loan officer loan origination loan servicing loan-to-value (LTV) lock-in lock-in period margin maturity merged credit report modification mortgage mortgage banker mortgage broker mortgagee mortgage insurance (MI) mortgage insurance premium (MIP) mortgage life and disability insurance mortgagor multidwelling units negative amortization no cash-out refinance no-cost loan note note rate no-cost loan notice of default original principal balance origination fee owner financing partial payment payment change date periodic payment cap periodic rate cap personal property PITI PITI reserves planned unit development (PUD) point power of attorney pre-approval prepayment prepayment penalty pre-qualification prime rate principal principal balance principal, interest, taxes, and insurance (PITI) private mortgage insurance (MI) promissory note public auction PUD (Planned Unit Development) purchase agreement purchase money transaction qualifying ratios quitclaim deed rate lock real estate agent Real Estate Settlement Procedures Act (RESPA) real property Realtor® recorder recording refinance transaction remaining balance remaining term rent loss insurance repayment plan replacement reserve fund revolving debt right of first refusal right of ingress or egress right of survivorship sale-leaseback second mortgage secondary market secured loan security seller carry-back servicer servicing settlement statement subdivision subordinate financing survey sweat equity tenancy in common third-party origination title title company title insurance title search transfer of ownership transfer tax Treasury index Truth-in-Lending two-step mortgage two- to four-family property trustee VA mortgage vested Veterans Administration (VA)