Real estate terms

Ever wondered what all those terms mean? Here's a quick referral sheet to give you all the answers.

Acceleration Clause Adjustable Rate Mortgage (ARM) Adjustment Period Amortization Appraisal Annual percentage rate (APR) Assessments Assignment Assumption of Mortgage Balloon Payment Beneficiary Binder Buy Down Cap CC&R's Closing Costs Closing Statement (HUDI) Condominium Conforming Loans Contingency Conversion Clause Deed Deed of Trust Default Demand

Down Payment Earnest Money Easement Encumbrance Equity Escrow Exception FHA Loan Foreclosure Good Faith Estimate (GFE) Graduated Payment Mortgage Grantee Grantor Homeowners Association (HOA) Home Warranty Impound Account Legal Description Lien Loan Commitment Loan Policy Loan-to-Value Ratio Lock-In Mello-Roos (or Special Taxing District) Negative Amortization Note

Notice of Default Ordinance Origination Fee PITI Payee Personal Property Planned Unit Development (PUD) Points Power of Attorney Preliminary Title Report Prepayment Penalty Private Mortgage Insurance (PMI) Pro-Rata Purchase Agreement Quit Claim Deed Real Property Reconveyance Recordation Regulation Z Settlement Statement Swing Loan Title Title Insurance Policy Variable Interest Rate Zoning