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Welcome to the DFWCityhomes glossary!
Welcome to the DFWCityhomes glossary!
We created this glossary with the help of the Federal Trade Commission (FTC) to help you get familiar with common terms you’ll see. If you can’t find your answer, please feel free to contact us.
a
b
c
- Cap
- Capacity
- Cash-out Refinance
- Certificate of Deposit
- Certificate of Eligibility
- Chain of Title
- Change Orders
- Civil Rights Act of 1968 (Fair Housing Act)
- Clear Title
- Closing
- Closing Activities
- Closing Agent
- Closing Costs
- Closing Date
- Closing Statement
- Co-borrower
- Collateral
- Commission
- Commitment Letter
- Common Areas
- Comparables
- Comparative Market Analysis (CMA)
- Competitive Listings
- Concession
- Conditional Qualification Letter
- Condominium
- Construction Loan
- Contingency
- Conventional Mortgage
- Conversion Option
- Convertible ARM
- Cooperative (Co-op) Project
- Cost of Funds Index (COFI)
- Counter-offer
- Credit
- Credit Bureau
- Credit History
- Credit Life Insurance
- Credit Report
- Credit Score
- Creditor
- Creditworthy
d
e
f
- Fair Credit Reporting Act (FCRA)
- Fair Market Value
- Fannie Mae
- Fannie Mae-Seller/Servicer
- Fannie Mae/Freddie Mac Loan Limit
- Federal Housing Administration (FHA)
- First Mortgage
- First-Time Home Buyer
- Fixed-Period Adjustable-Rate Mortgage
- Fixed-Rate Mortgage
- Flood Certification Fee
- Flood Insurance
- For Sale By Owner (FSBO)
- For sale flyer
- Foreclosure
- Forfeiture
- Full representation
- Fully Amortized Mortgage
g
h
i
l
m
- Manufactured Housing
- Margin
- Market Value
- Maturity Date
- Merged Credit Report
- Modification
- Money Market Account
- Mortgage
- Mortgage Broker
- Mortgage Insurance (MI)
- Mortgage Insurance Premium (MIP)
- Mortgage Lender
- Mortgage Life Insurance
- Mortgage Rate
- Mortgagee
- Mortgagor
- Multifamily Mortgage
- Multifamily Properties
- Multiple Listing Service (MLS)
- Mutual Funds
o
p
- Partial Payment
- Payment Cap
- Payment Change Date
- Personal Property
- PITI
- PITI Reserves
- Planned Unit Development (PUD)
- Point
- Point of Contact
- Power of Attorney
- Pre-Approval
- Pre-Approval Letter
- Pre-Qualification
- Pre-Qualification Letter
- Predatory Lending
- Prepayment
- Prepayment Penalty
- Principal
- Private Mortgage Insurance
- Promissory Note
- Promulgated
- Property Appreciation
- Purchase and Sale Agreement
- Purchase Money Mortgage
r
- Radon
- Rate Cap
- Rate Lock
- Ratified Sales Contract
- Real Estate Agent
- Real Estate Broker
- Real Estate Professional
- Real Estate Settlement Procedures Act (RESPA)
- Real Property
- Realtor®
- Recorder
- Recording
- Refinance
- Rehabilitation Mortgage
- Remaining Term
- Remote Close
- Repayment Plan
- Replacement Cost
- Rescission
- Revolving Debt
- Right of First Refusal
- Rural Housing Service (RHS)
s
- Sale-Leaseback
- Second Mortgage
- Secondary Mortgage Market
- Secured Loan
- Securities
- Securities
- Security
- Seller Take-Back
- Servicemembers Civil Relief Act
- Servicer
- Servicing
- Settlement
- Settlement Statement
- Settlement Statement
- ShowingTime
- Signage
- Single-Family Properties
- Soft Second Loan
- Subordinate Financing
- Survey
- Sweat Equity
t