Definitions Page

Accelerated Payment: http://investopedia.com/terms/a/acceleratedpayments.asp

Alienation Clause: http://homebuying.about.com/od/glossarya/g/Alienclause.htm

Amortize: http://www.investopedia.com/terms/f/fully_amortizing_payment.asp

Appraisal: http://www.quickval.com/appraisal/index.asp

APR (Annual Percentage Rate): http://www.allbusiness.com/personal-finance/real-estate-mortgage-loans/3382-1.html

Assumability: http://www.sanfranciscorealestatebrain.com/mortgage-brokers/assumability-or-loan-assumption

Balloon Payment: http://homebuying.about.com/od/glossaryb/g/BalloonPayment.htm

Binder: http://insurance.families.com/blog/what-is-an-insurance-binder

Broker Insurance: http://www.niba.com.au/html/24484.cfm

Broker-Mortgage: http://www.wisegeek.com/what-is-a-mortgage-broker.htm

Broker-Real Estate: http://homebuying.about.com/od/glossaryqr/g/rebroker.htm

Buy Down: http://homebuying.about.com/od/financingadvice/qt/loanbuydowns.htm

Buyer’s Agent: http://homebuying.about.com/od/buyingahome/qt/071907-buyagt.htm

Buyer’s Market: http://realtytimes.com/rtpages/20000203_buyermrkt.htm

Cash-out: http://www.investopedia.com/terms/c/cashout_refinance.asp

Census Tracts: http://www.census.gov/geo/www/cen_tract.html

Certificate of Eligibility: http://www.homeloans.va.gov/eligibility.htm

Closing Costs: http://www.wisegeek.com/what-are-closing-costs.htm

Co-borrower (co-signer): http://www.investopedia.com/terms/c/co_borrowers.asp

Compound Interest: http://www.wisegeek.com/what-is-compound-interest.htm

Conditions: http://www.kiplinger.com/basics/archives/2003/03/buying5a.html

Condo Cert: http://www.streetdirectory.com/travel_guide/66023/real_estate/what_is_a_condo_status_certificate.html

Construction Loan: http://www.superpages.com/supertips/mortgage-construction-loan.html

Contingencies: http://homebuying.about.com/od/buyingahome/qt/011508_Contingt.htm

Conversion Option: http://www.investopedia.com/terms/c/conversion_option.asp

Counteroffer: http://homebuying.about.com/od/offersnegotiations/qt/CounterOffers.htm

County Recorder/Clerk: http://dictionary.reference.com/browse/county+clerk?o=100074

Credit Score: http://www.consumersunion.org/creditmatters/creditmattersfactsheets/001633.html

Debt-to-income Ratio (DTI): http://www.searchlightcrusade.net/2009/04/loan_qualification_standards_d_1.html

Deed of Trust: http://homebuying.about.com/od/marketfactstrends/qt/111307_DofTrust.htm

Default: http://www.nolopress.org/dictionary/default-term.html;jsessionid=26A49ABCA263977B934CA689E6E32939.jvm1

Disclosure: http://homebuying.about.com/od/homedisclosures/qt/Req2Disclose.htm

Documentation Types for Loans: http://www.cobaltmortgage.com/?p=doctypes

Down Payment: http://www.wisegeek.com/what-is-a-down-payment.htm

Down Payment Assistance Programs (DAP): http://www.downpaymentsolutions.com/

Due Diligence: http://goliath.ecnext.com/coms2/gi_0199-2643787/Due-Diligence-in-Real-Estate.html

Dual Agency: http://www.realestatelawyers.com/Dual-agency.cfm

Easement: http://real-estate-law.freeadvice.com/zoning/easement.htm

Effective Interest Rate: http://www.investopedia.com/terms/e/effectiveinterest.asp

Eligibility (citizenship): http://fha.yourmtglender.com/fha-borrower-info.shtml

Encumbrance: http://realestate.about.com/od/df/g/defencumb.htm

Equity: http://homebuying.about.com/od/glossarye/g/Equity.htm

Fannie Mae (Federal National Mortgage Association): http://www.wisegeek.com/what-is-fannie-mae.htm

Fee Simple: http://www.sideroad.com/Real_Estate/condominium-or-fee-simple.html

FHA Approved Condo Complex: https://entp.hud.gov/idapp/html/condlook.cfm

FHA 203k Loan: http://www.hud.gov/offices/hsg/sfh/203k/faqs203k.cfm

FHA (Federal Housing Administration): http://www.hud.gov/offices/hsg/fhahistory.cfm

FHA Loan: http://portal.hud.gov/portal/page/portal/FHA_Home/consumers/fha_loans

FICO® (Fair Isaac Corporation): http://www.myfico.com/CreditEducation/WhatsInYourScore.aspx

Fiduciary: http://realestate.about.com/od/realestatebasics/p/fiduciary_duty.htm

Foreclosure: http://www.foreclosureuniversity.com/studycenter/freereports/what_is_foreclosure.php

Freddie Mac (Federal Home Loan Mortgage Corporation): http://www.freddiemac.com/corporate/company_profile/faqs/

Fully Amortized: http://www.answers.com/topic/fully-amortized-loan

Ginnie Mae (GNMA-Government National Mortgage Association): http://www.ginniemae.gov/about/about.asp?Section=About

Grant: http://www.ehow.com/how_4785415_grants-first-time-home-buyers.html

Grant Deed: http://legal-dictionary.thefreedictionary.com/grant+deed

Good Faith Deposit: http://homebuying.about.com/od/buyingahome/qt/EarnestMoney.htm

Good Faith Estimate: http://www.hud.gov/content/releases/goodfaithestimate.pdf

Home Inspection: http://homebuying.about.com/od/homeshopping/qt/091107_homeinsp.htm

Hazard Insurance: http://www.wisegeek.com/what-is-hazard-insurance.htm

Home Owner’s Association (HOA): http://www.wisegeek.com/what-is-a-homeowners-association.htm

Home Owner’s Association Dues (HOA fees): http://www.djtrealestate.com/hoa-association-condo-fees.htm

Home Warranty Insurance: https://www.wellsfargo.com/insurance/property/homewarranty/

HUD 1 and Estimated HUD 1: http://homebuying.about.com/cs/titleescrow/a/hud1_settlement.htm

Impounds: http://www.investopedia.com/articles/mortgages-real-estate/09/mortgage-impound-accounts.asp

Index: http://www.mtgprofessor.com/A%20-%20ARMs/which_arm_index_is_the_best.htm

Insurance Binder: http://personalinsure.about.com/od/insurancetermsglossary/g/binder.htm

Insurance Certification: http://www.investopedia.com/terms/c/certificate_of_insurance.asp

Insurance Declaration: http://www.dannylipford.com/home-improvement-video/understanding-the-declaration-page/

Interest Only Loan: http://www.mtgprofessor.com/tutorials2/interest_only.htm

Interest Rate Cap: http://www.riskglossary.com/link/cap.htm.

Lien: http://www.wisegeek.com/what-is-a-lien.htm

Listing Agent/Seller’s Agent: http://www.wisegeek.com/what-is-a-listing-agent.htm

Loan Origination: http://www.thetruthaboutmortgage.com/mortgage-dictionary/loan-origination/

Loan Servicer: http://www.investopedia.com/terms/l/loan_servicing.asp

LTV (Loan to Value): http://www.investopedia.com/terms/l/loantovalue.asp

Margin: http://www.investopedia.com/terms/m/margin.asp

Maturity: http://stats.oecd.org/glossary/detail.asp?ID=3802

Mechanic’s Lien: http://www.wisegeek.com/what-is-a-mechanics-lien.htm

Mello Roos: http://www.mello-roos.com/pdf/mrpdf.pdf

Mortgage: http://www.freddiemac.com/corporate/buyown/english/mortgages/what_is/

Mortgage Insurance (MI) [Also called Private Mortgage Insurance (PMI)]: http://library.hsh.com/read_article-hsh.asp?row_id=74

Multiple Listing Service (MLS): http://www.realestateabc.com/insights/mls.htm

Neg-am (Negative Amortization): http://www.understandinghomeloans.com/LoanOptions/NegAmLoans.html

Nominal Interest Rate: http://economics.about.com/cs/macrohelp/a/nominal_vs_real.htm

Occupancy Types: http://www.investopedia.com/terms/n/non-owner_occupied.asp

http://www.morebusiness.com/running_your_business/financing/ownr-fin.brc

http://loan.yahoo.com/m/second1.html

Origination Fee: http://investopedia.com/terms/o/origination-fee.asp

Pad: http://www.alexisescrow.com/Fees.html

Parcel Number or Property Tax Map Code: http://en.wikipedia.org/wiki/Assessor's_Parcel_Number

Payment Cap: http://www.answers.com/topic/payment-cap

Permanent Financing: http://mlcc.ml.com/MLCCClient/TopNavigation/HomeFinancing/ConstructionToPermanent.htm

PITI: http://homebuying.about.com/od/glossaryp/g/0307PITI.htm

Plat Map: http://en.wikipedia.org/wiki/Plat

Pocket Listing: http://en.wikipedia.org/wiki/Pocket_listing

(Discount) Points: http://homebuying.about.com/cs/mortgagearticles/a/discount_points.htm

Pre-paid Interest: http://calrealestatefinance.com/?p=11

Pre-payment Penalty: http://www.mtgprofessor.com/a%20-%20options/prepayment_penalty.htm

Pre-qualification and Pre-approval: http://www.investopedia.com/terms/p/prequalification.asp

http://www.investopedia.com/terms/p/preapproval.asp

Principal: http://www.mortgagenewsdaily.com/wiki/Mortgage_Principal.asp

Promissory Note: http://homebuying.about.com/od/glossaryp/g/Prom_Note.htm

Property Management Company: http://realestate.about.com/od/brokerofficemanagement/a/property_manage.htm

Property Tax: http://www.wisegeek.com/what-is-property-tax.htm

Prorate: http://www.hursthomerealty.com/Escrow_Terminology/page_1923173.html

Rate and Term Refinance: http://www.investopedia.com/terms/r/rate_and_term_refi.asp

Rate Lock: http://www.wikihow.com/Lock-in-a-Mortgage-Rate

Realtor®: http://www.realtor.com/basics/allabout/realtors/whatis.asp

Right of Rescission: http://www.thetruthaboutmortgage.com/right-of-rescission/

REO: http://www.realestateabc.com/homeguide/reo.htm

Short Sale: http://homebuying.about.com/od/buyingahome/bb/BuyingShortSale.htm

Silent Seconds: http://www.youtube.com/watch?v=6svzY5L_Yww

Simple Interest: http://www.aaamath.com/g84-simple-interest.html

Subdivision: http://real-estate-law.freeadvice.com/zoning/subdivision.htm

Subordinate Financing: http://www.borrow123.com/secondtrust_help.asp

Title Insurance: http://www.mtgprofessor.com/title_insurance.htm

Trust: http://law.freeadvice.com/estate_planning/trusts/trustee_trust_beneficiary.htm

Trustee: http://wills.about.com/od/choosingfiduciaries/a/whatisatrustee.htm

Trustor: http://www.willsandtrustslawfirms.com/national-content.cfm/Article/13136/How-To-Avoid-Probate-Once-A

Truth in Lending: http://www.fdic.gov/regulations/laws/rules/6500-1400.html

VA (Veteran Administration) Loan: http://www.enctoday.com/articles/-5334--.html

Vesting (types of ownership): http://www.south-county.org/Gilroy/RealEstate/RealEstateGuides/HoldingTitle.html

Zoning: http://real-estate-law.freeadvice.com/zoning/zoning_legalese.htm