Real Estate Glossary - Real Estate Dictionary

Learn about the Real Estate Industry - 1000 + Real Estate Terms

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Defining the Real Estate Industry

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Start learning more about the real estate industry today. Whether it's one definition or you simply wish to browse the terms commonly heard from your real estate team we are happy to provide you with a comprehensive real estate glossary.

Ever wonder what a Realtor® really means?
How about the difference between lap siding & a tank stopper?
What in the world does FNMA stand for?
A Non-Liquid Asset?
What is Negative Amortization?

Go inside and start learning what the real estate pros are talking about. Remember, the more educated you become about the real estate industry the better your chances to save money the next time you buy or sell a home!!

Indexed Rate
The sum of the published index plus a margin. For example, if the published index is 5% and the margin 2.75%, the "fully indexed rate" would be 7.75%.

Interest Only Loan
The borrower pays only the interest that accrues on the loan balance each month. Because each payment goes toward interest, the outstanding balance of the loan does not decline with each payment.

Certificate of occupancy (CO)
A document stating that a home or other building has met all building codes and is suitable for habitation.

Tax Service Fee
A fee collected to set up third-party monitoring of the borrower's property tax payments. This is done to ensure that the payments are made on time and to prevent tax liens from occurring to the detriment of the lender.

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