INDEX OF COMMONLY USED
MORTGAGE & REAL ESTATE TERMS

0-9

1003
1040 FEDERAL TAX RETURN

1065 FEDERAL TAX RETURN

1099

1120 FEDERAL TAX RETURN

1ST POSITION LIEN

2-4 UNIT PROPERTY

3 Cs

30-DAY LATES, 60-DAY LATES, ETC.

A (APPRAISAL DICTIONARY - (Click Here)
ABSTRACT OF JUDGMENT
ABSTRACT OF TITLE
ACCELERATION CLAUSE
ACCEPTANCE
ACCEPTED FEE APPRAISER PANEL
ACCOUNTS PAYABLE
ACCOUNTS RECEIVABLE
ACCRUED INTEREST
ACKNOWLEDGMENT
ACQUISITION COSTS
ACRE
ACTION TO QUIET TITLE
ADDENDUM
ADJUSTABLE RATE MORTGAGE (ARM)
ADJUSTABLE RATE RIDER
ADJUSTMENT CAP
ADJUSTED GROSS INCOME
AD VALOREM
ADJUSTMENT INTERVAL
ADVERSE POSSESSION
AGENCY
AGENT
AGREEMENT
AGREEMENT OF SALE
ALIENATION CLAUSE
ALIMONY
ALTA
AMENDMENT
AMENITIES
AMERICAN LAND TITLE ASSOCIATION (ALTA)
AMORTIZATION
ANNUAL PERCENTAGE RATE
ANNUITY
APPLICANT
APPLICATION
APPLICATION FEE
APPRAISAL
APPRAISAL AND CREDIT REPORT FEES
APPRAISAL DICTIONARY
APPRAISED VALUE
APPRAISER
APPRECIATION
APR
ARREARS
AS IS CONDITION ASSESSED VALUE
ASSESSMENT
ASSESSMENT BASE
ASSET
ASSIGNMENT
ASSUMABLE MORTGAGE
ASSUMPTION
ASSUMPTION FEE
"AS IS"
A-THRU D CREDIT
ATTACHED HOMES
ATTACHMENT
ATTORNEY CLOSINGS
ATTORNEY IN FACT
ATTORNEY'S OPINION OF TITLE
   (in absence of a title co)

B
BACK-END DEBT RATIO
BALANCE SHEET
BALLOON PAYMENT
BANK
BANKRUPTCY (BK)
BASIS
BASIS POINT
BENEFICIARY
BENEFICIARY'S DEMAND
BILL OF SALE
BINDER
BLANKET MORTGAGE
BOND
BORROWER
BORROWER SAVINGS
BREACH
BRIDGE LOAN
BROKER
BROKERAGE
BUILDING CODE
BUILDING LINE OR SETBACK
BULLET LOAN
BUSINESS FOR SELF (BFS)
BUSINESS LICENSE 
BUYDOWN

C
C C & Rs
CALL OPTION
CANCELED CHECK
CAPACITY
CAPITAL
CAPITAL GAIN
CAPITAL IMPROVEMENT
CAPITAL LOSS
CAPS (INTEREST)
CAPS (PAYMENT)
CASH FLOW
CASH-OUT REFINANCE
CASH RESERVE
CASH VALUE
CASH-OUT
CASH-OUT EXPLANATION LETTER
CASHIER'S CHECK
CAVEAT EMPTOR
CEILING
CERTIFICATE OF OCCUPANCY
CERTIFICATE OF TITLE
CERTIFIED COPY
CESTUI QUE TRUST
CHAIN OF TITLE
CHANGE DATE
CHAPTER 13 BK
CHAPTER 7 BK
CHARGE-OFF
CREDIT AUTHORIZATION LETTER
CREDIT BUREAU
CREDIT DENIAL LETTER
CREDIT DEPTH
CREDIT HISTORY CHATTEL
CHILD SUPPORT
CLAIM
CLEAR TITLE
CLIENT
CLOSING STATEMENT
CLOUD ON TITLE
CLOSING
CLOSING AGENT
CLOSING COSTS
CLOSING DAY
CO-BORROWER OR CO-MAKER
CODE OF ETHICS
COLLATERAL
COLLATERAL LOANS
CO-MAKER
COMBINED LOAN TO VALUE (CLTV)
COMBINED MONTHLY HOUSING EXPENSE
COMMERCIAL BANK
COMMERCIAL LOANS
COMMISSION
COMMITMENT
COMMITMENT FEE
COMMON LAW
COMMUNITY HOME BUYER'S PROGRAM
COMMUNITY HOME BUYER'S PROGRAM
COMMUNITY LAND TRUST MORTGAGE LOAN
COMMERCIAL PROPERTY
COMMUNITY LAND TRUST MORTGAGE LOAN
COMMUNITY PROPERTY
COMPARABLE (COMP)
COMPENSATING FACTORS
COMPOUND INTEREST
CONCESSION
CONDEMNATION
CONDITIONAL COMMITMENT
CONDITIONAL OFFER
CONDOMINIUM (CONDO)
CONDOMINIUM ASSOCIATION
CONFORMING
CONSIDERATION
CONSOLIDATION LOAN
CONSTRUCTION LOAN
CONSTRUCTION LOAN WITH TAKEOUT
CONSUMER CREDIT
CONSUMER REPORTING AGENCY
CONTINGENCY
CONTRACT SALE OR DEED
CONVENTIONAL LOAN
CONVERSION CLAUSE
CONVERSION LOAN
CONVEYANCE
COOPERATIVE
CORPORATION
COSMETIC REPAIR
COST APPROACH
COST BASIS
COST PLUS CONTRACT
COUNTEROFFER
COUNTY
COVENANT
COVENANTS, CONDITIONS AND RESTRICTIONS (C C & R s)
CREDIT LEASE LOAN
CREDIT LENGTH
CREDIT RATING
CREDIT REPORT
CREDIT SCORE
CREDITOR
CURRENT LIBOR INDEX
CUSTOMER

D
DATEDOWN ADDENDUM
DEBT CONSOLIDATION LOAN
DEBT LOAD
DEBT RATIO (DR)
DEBT SERVICE
DEBTOR
DEBT-TO-INCOME RATIO
DECLINING BALANCE
DEDICATION
DEED
DEED IN LIEU
DEED OF RECONVEYANCE
DEED OF RUST
DEED RESTRICTION
DEFAULT
DEFECTIVE TITLE
DEFER
DEFERRED INTEREST
DEFERRED MAINTENANCE
DEFICIENCY JUDGMENT
DELINQUENCY
DEMAND
DEMAND FEATURE
DEPOSIT
DEPRECIATION
DEROG
DEPT OF HOUSING & URBAN DEVELOPMENT (HUD)
DEROG LETTER
DEPT OF VETERANS AFFAIRS (VA)
DEVISE
DEVISEE
DEVISOR
DIRECT ENDORSEMENT
DIRECT REDUCTION MORTGAGE
DISBURSEMENTS
DISCHARGE
DISCLOSURE
DISCOUNT
DISCOUNT POINT
DISCOUNT RATE
DISCRETIONARY INCOME
DISPOSABLE INCOME
DISPOSITION
DIVORCE DECREE
DOCS
DOCUMENTS
DONEE
DONOR
DOWER RIGHTS
DOWN PAYMENT
DR
DRAGNET CLAUSE
DUE-ON-SALE CLAUSE

E
EARNEST MONEY
EARNINGS
EASEMENT
EASY DOC LOANS
ECONOMIC LIFE
ECONOMIC OBSOLESCENCE
EFFECTIVE AGE
EFFECTIVE DATE
EMINENT DOMAIN
ENCROACHMENT
ENCUMBRANCE
END LOAN
ENDORSE
ENDORSER
ENDORSEMENT
ENTITLEMENT
EQUAL CREDIT OPPORTUNITY ACT (ECOA)
EQUITABLE INTEREST
EQUITY
EQUITY LINE OF CREDIT
EQUITY PARTICIPATION
ESCHEAT
ESCROW
ESCROW INSTRUCTIONS
ESCROW OFFICER
ESTATE (REAL PROPERTY)
ESTIMATED CLOSING COSTS STATEMENT
ESTATE AT WILL
ESTATE FOR YEARS
ESTOPPELS
ET AL
ET UX
EVICTION
EXCEPTIONS TO GUIDELINES
EXCEPTIONS TO TITLE
EXCLUSIVE AGENCY
EXCLUSIVE RIGHT-T0-SELL
EXPERIAN (EXP)

F
FACE AMOUNT (LIFE INSURANCE)
FAIR CREDIT REPORTING ACT
FAIR HOUSING ACT ("FHA")
FAIR MARKET VALUE
FANNIE MAE
FARMERS HOME ADMINISTRATION (FMHA)
FEDERAL TAX LIEN
FEDERAL HOME LOAN BANK BOARD (FHLBB)
FEDERAL HOME LOAN MORTGAGE CORP (FHLMC)
FEDERAL HOUSING ADMINISTRATION (FHA)
FEDERAL NAT'L MORTGAGE ASSOC (FNMA)
FHA LOAN
FHA MORTGAGE INSURANCE
FHLMC
FEE SIMPLE ESTATE
FICO
FIDUCIARY
FINAL DISPOSITION
FINANCE CHARGE
FINANCIAL DEPOSITOR INSTITUTIONS
FINANCIAL STATEMENT
FINANCING COSTS
FINDER'S FEE
FIRE INSURANCE
FIRM COMMITMENT
FIRST POSITION LIEN
FISCAL YEAR
FIXED INCOME
FIXED-RATE MORTGAGE
FIXTURE
FIXED INCOME
FIXED RATE MORTGAGE
FLOATING RATE MORTGAGE
FLOOD INSURANCE
FLOOR
FLOOR RATE
FORBEARANCE
FORECLOSURE
FOREIGN MONEY
FOSTER CARE AGREEMENT
FREDDIE MAC
FREE AND CLEAR
FRONTAGE

G
GAP LOAN
GARNISHMENT
GENERAL LIEN
GENERAL WARRANTY DEED
GIFT LETTER
GINNIE MAE
GOOD FAITH ESTIMATE
GOVERNMENT NAT'L MORTGAGE ASSOC (GNMA)
GRACE PERIOD
GRANDFATHER CLAUSE
GRADUATED PAYMENT MORTGAGE (GPM)
GRANT DEED
GRANTEE
GRANTOR
GROSS INCOME (BUSINESS)
GROSS MONTHLY INCOME (BORROWER)
GROSS NATIONAL PRODUCT
GROSS RENTAL INCOME
GROUND RENT

H
HARD MONEY MORTGAGE (HARD MONEY LOAN)
HAZARD INSURANCE
HEIRS AND ASSIGNS
HIGH RATIO LOAN
HIGHEST AND BEST USE
HOLDBACK
HOLOGRAPHIC WILL
HOME MORTGAGE DISCLOSURE ACT-HMDA
HOME WARRANTY INSURANCE
HOMEOWNERS' ASSOCIATION (HOA)
HOMEOWNERS' ASSOCIATION DUES
HOMEOWNERS WARRANTY
HOMEOWNER'S POLICY
HOMESTEAD
HOUSING EXPENSES-TO-INCOME RATIO

I
IMPOUND ACCOUNT
IMPROVEMENT
INCIDENTAL RECORDING, DELIVERY, WIRE,
      ETC., FEES
INCOME APPROACH
INCOME PROPERTY
INDEX
INDUSTRIAL REVENUE BOND (IRB)
INITIAL ADJUSTMENT CAP
INQUIRIES
INSTITUTIONAL LENDER
INSTRUCTIONS TO TITLE
INSTRUMENT
INSURED MORTGAGE
INTEREST
INTEREST BEARING
INTEREST ONLY LOAN
INTEREST PAYMENT NOTIFICATION (1098)
INTEREST RATE
INTEREST RATE CAP

INTERIM FINANCING

IN TESTATE
INVESTMENT INCOME
INVESTMENT PROPERTY
INVOLUNTARY LIEN

J
JOINT AND SEVERAL LIABILITY
JOINT NOTE
JOINT OWNERSHIP
JOINT TENANCY
JOINT VENTURE
JUDGMENT
JUDICIAL FORECLOSURE
JUMBO LOAN
JUNIOR MORTGAGE
JURAT

L
LAND DEVELOPMENT LOAN
LATE CHARGE
LAND
LAND BURDEN
LAND CONTRACT
LATENT DEFECT
LEASE OPTION TO PURCHASE
LEASEHOLD
LEASEHOLD ESTATE
LEGAL DESCRIPTION
LEGAL TITLE
LENDER
LENDER'S INSTRUCTIONS
LESSEE
LESSOR
LETTER OF INTENT
LEVERAGE
LIABILITIES
LIBOR
LIEN
LIEN POSITION
LIFE COMPANY
LIFE ESTATE
LIFETIME CAP
LIMITED PARTNERSHIP
LINES OF CREDIT
LISTING
LISTING AGREEMENT
LIQUID ASSETS
LIS PENDENS
LISTING
LIVE SIGNATURE
LOAN AMOUNT
LOAN APPLICATION (1003)
LOAN BROKER
LOAN CLOSING
LOAN COMMITMENT
LOAN DISCOUNT/PREMIUM FEES
LOAN FEE
LOAN OFFICER
LOAN ORIGINATION
LOAN PACKAGE
LOAN RATIO
LOAN RISK
LOAN SERVICING
LOAN TERM
LOAN TO VALUE (LTV)
LOCK-IN CLAUSE
LOCK
LOSS PAYABLE CLAUSE
 

M
M.A.I. (MEMBER APPRAISAL INSTITUTE)
MARGIN
MARKET DATE APPROACH
MARKET PRICE
MARKET VALUE
MARKETABILITY
MARKETABLE TITLE
MATURITY
MECHANICS LIEN
MERGED CREDIT PROFILE (MPR)
MINOR
MISREPRESENTATION
MIXED-USE PROPERTY
MOBILE HOME
MODIFICATION AGREEMENT
MODULAR HOUSE
MONTHLY PAYMENT
MORTGAGE COMPANY
MORTGAGE DISABILITY INSURANCE
MORTGAGE LATE
MORTGAGE NOTE
MORTGAGE WAREHOUSING
MORTGAGEE
MORTGAGOR
MORTGAGE
MORTGAGE BANKER
MORTGAGE BROKER
MULTIPLE LISTING SERVICE
 

N
NATIONAL ASSOCIATION OF REALTORS
NATIONAL NOTARY ASSOCIATION
NEGATIVE AMORTIZATION
NET DISPOSABLE INCOME
NET EFFECTIVE INCOME
NET INCOME
NET LEASE
NET LISTING
NET RENTAL INCOME
NET WORTH
NO CASH-OUT REFINANCE
NON-ASSUMPTION CLAUSE
NON-CONFORMING LOAN
NON-CONFORMING USE
NON-OWNER OCCUPIED
NON-RECURRING CLOSING COSTS
NOTARY PUBLIC
NOTE
NOTICE OF DEFAULT (NOD)
NOTICE OF RECISION
NOTICE OF RIGHT TO CANCEL
NOTIFICATION OF INCOMPLETENESS LETTER

O
OBLIGATIONS
OBSOLESCENCE
OCCUPANCY
OFFER
OFFER AND ACCEPTANCE
OFFICE OF COMPTROLLER CURRENCY
OFFICE OF THRIFT SUPERVISION (OTS)
OPEN END MORTGAGE
OPEN LISTING
OPEN-END CONSTRUCTION LOAN
OPTION
ORIGINAL COST
ORIGINATION FEE
OVER-IMPROVEMENT
OWNER FINANCING
OWNER OCCUPIED
OWNER OF RECORD
OWNERS POLICY
OWNERSHIP
 

P
P & L
PACKAGE MORTGAGE
PAPER
PAR
PARTIAL RELEASE
PAROLE EVIDENCE
PARTICIPATION
PARTNERSHIP
PAY STUB
PAYMENT CHANGE DATE
PAYMENT SCHEDULE
PENSION AWARD LETTER
PERIODIC ADJUSTMENT CAP
PERMANENT LOAN
PERSONAL PROPERTY
PERSONALITY
PHYSICAL DEPRECIATION
PI (PRINCIPAL AND INTEREST)
PIGGYBACK LOAN
PITI
PLAINTIFF
PLANNED UNIT DEVELOPMENT (PUD)
PLAT MAP
PLEDGED ACCOUNT MORTGAGE LOAN (PAM)
POINT OF REFERENCE
POINTS (LOAN DISCOUNT POINTS)
PORTFOLIO LOAN
POWER OF ATTORNEY
PREFABRICATED HOUSE
PRELIMINARY TITLE REPORT (PRELIM)
PREPAID EXPENSES
PREPAID FINANCE CHARGE
PREPAID INTEREST CHARGE
PREPAYMENT
PREPAYMENT PENALTY
PREQUALIFICATION
PRIMARY CUSTOMER
PRIMARY RESIDENCE
PRIME RATE INDEX
PRINCIPAL
PRINCIPAL AND INTEREST (P&I)
PRINCIPAL, INTEREST, TAXES & INSURANCE (PITI)
PRIVATE MORTGAGE INSURANCE (PMI)
PROCESSOR
PRO RATE
PROFIT AND LOSS STATEMENT (P&L)
PROMISSORY NOTE
PROPERTY
PROCESSING, UNDERWRITING AND DOCUMENT FEES
PROPERTY TAXES
PROXY
PUD (PLANNED UNIT DEVELOPMENT)
PURCHASE AGREEMENT
PURCHASE MONEY MORTGAGE
 

Q

QUALIFY
QUITCLAIM DEED
 

R
R.E.O. (REAL ESTATE OWNED)
RADON
RANGE
RATE CHANGE DATE
RATE INDEX
RATE LOCK
REAL ASSETS
REAL ESTATE BOARD
REAL ESTATE INVESTMENT TRUST (REIT)
REAL ESTATE TAX
REAL ESTATE SETTLEMENT PROCEDURES ACT (RESPA)
REAL PROPERTY
REALTOR
REALTOR ASSOCIATE
REALTY
REBUILD LETTER
RECEIVABLES
RECISION OF CONTRACT
RECITAL
RECONVEYANCE (RECON)
RECORDING
RECORDING CONFIRMATION
RECORDING FEES
RECOURSE
REDLINING
REFINANCE (REFI)
REGULATION Z (REG Z)
REHABILITATION
REINSTATEMENT
REISSUE RATE
REIT (REAL ESTATE INVESTMENT TRUSTS)
RELEASE OF LIEN
RELEASE OF MORTGAGE
REMAINING ECONOMIC LIFE
REMAINING TERM
RENTAL AGREEMENT
REPLACEMENT COST
REQUEST FOR FULL RECONVEYANCE
REQUIREMENTS TO BE MET
RESCIND
REPOSSESSION
RE-RECORDING
RESERVE
RESPA (REAL ESTATE SETTLEMENT PROCEDURES ACT)
RESTRICTION
RESTRICTIVE COVENANTS
RETIRE (A LOAN)
REVENUE STAMPS
REVERSE ANNUITY MORTGAGE (RAM)
RIDER
RIGHT OF SURVIVORSHIP
RIGHT OF WAY
RIPARIAN
ROOM RENTS
RURAL
 

S
S.R.A.
SALES AGREEMENT
SATISFACTION
SCHEDULE A
SCHEDULE B
SEASONED LOAN
SECOND MORTGAGE
SECONDARY FINANCING
SECONDARY MORTGAGE MARKET
SECONDARY MARKET INVESTOR
SECONDARY RESIDENCE
SECTION 32
SECURITY INSTRUMENT
SELLER TAKE-BACK
SELLER'S BROKER
SEPARATE PROPERTY
SEPTIC TANK
SERVICING
SERVITUDE
SET BACK ORDINANCE
SETTLEMENT STATEMENT
SETTLEMENT STATEMENT COSTS
SHARED APPRECIATION MORTGAGE (SAM)
SHERIFF'S DEED
SHORT-TERM
SIMPLE INTEREST
SINGLE FAMILY RESIDENCE (SFR)
SITE ANALYSIS
SLAB
SOCIAL SECURITY AWARD LETTER
SOLE OWNERSHIP
SOLE PROPRIETORSHIP
SPEC LOAN
SPECIAL ASSESSMENTS
SPECIAL LIEN
SPECIAL WARRANTY DEED
SPECIFIC PERFORMANCE
SPECS
STANDARD COVERAGE POLICY
STANDARD UNIFORM APPLICATION
START RATE
STANDBY COMMITMENT
STATE AND LOCAL HOUSING PROGRAMS
STATEMENT OF INFORMATION
STATUTE OF FRAUDS
STATUTORY LIENSUB-LEASE
SUB-PRIME
SUBMISSION
SUBORDINATE
SUBORDINATION AGREEMENT
SUBSIDIZED SECOND MORTGAGE
SUBSTITUTION OF TRUSTEE
SUBURBAN
SUPPLY AND DEMAND
SUPPLEMENTAL TAXES
SURETY BOND
SURVIVORSHIP
SURVEY
SWEAT EQUITY
 

T
TAKE-OUT COMMITMENT
TAX
TAX LIEN
TAX RATE
TAX SALE
T-BILLS
TEMPORARY DISABILITY AWARD LETTER
TEMPORARY WORKER
TENANCY
TENANCY AT SUFFERANCE
TENANCY AT WILL
TENANCY BY THE ENTIRETY
TENANCY IN COMMON
TENANT
TERM
TESTATE
THE RULE OF 78
TIME IS OF THE ESSENCE
TITLE
TITLE CLOSING
TITLE COMMITMENT
TITLE IN LIEU OF
TITLE INSTRUCTIONS
TITLE INSURANCE
TITLE SEARCH
TOPOGRAPHY
TOTAL MONTHLY INCOME
TRADE LINE
TRANSFER TAX
TRUST DEED
TRUTH-IN-LENDING DISCLOSURE
TYPES OF SECURITY INSTRUMENTS
TRUSTEE
TRUSTOR
TWO-STEP MORTGAGE
 

U
UNDER IMPROVEMENT
UNDERWRITING
UNEMPLOYMENT COMPENSATION AWARD LETTER
UNIFORM RESIDENTIAL APPRAISAL REPORT (URAR)
UNDUE INFLUENCE
UNSECURED NOTE
UPDATE ADDENDUM
URBAN
USAGE RESTRICTION
USEFUL LIFE
USURY

V
VA LOAN
VA MORTGAGE FUNDING FEE
VACANCY FACTOR
VALUATION
VALUE
VARIABLE INTEREST RATE
VARIABLE RATE MORTGAGE (VRM)
VENDEE
VENDOR
VENTURE CAPITAL
VERIFICATION OF MORTGAGE (VOM)
VERIFICATION OF DEPOSIT (VOD)
VERIFICATION OF EMPLOYMENT (VOE)
VERIFICATION OF MORTGAGE
VERIFICATION OF SECONDARY FINANCING FUNDS FORM
VETERAN'S EXEMPTION
VESTING
VOD
VOE
VOID
VOLUNTARY LIEN
VOM
VOR
 

W
W-2
WAIVE
WAREHOUSE FEE
WARRANTY DEED
WHOLESALE LENDER
WILL
WITHHOLD
WRAPAROUND MORTGAGE
 

Z

ZONING