Homeowner Education

Term A Term is a defined word or phrase used to convey a specific meaning within a legal, financial, or real estate context. Rather than

Teaser Rate A Teaser Rate is a temporarily reduced interest rate offered at the beginning of a loan or credit agreement to make the initial

Teaser Loan A Teaser Loan is a type of financing arrangement that begins with a temporarily reduced interest rate designed to make the initial cost

Take-Out Loan A Take-Out Loan is a form of long term financing used to replace short term or interim funding once a project reaches a

Subprime Mortgage A Subprime Mortgage is a type of home loan offered to borrowers whose credit profiles do not meet the standards typically required for

Simple Interest Simple Interest Definition And Purpose In Real Estate Simple Interest is a method of calculating the cost of borrowing or the return on

Simple Interest Loan Simple Interest Loan Definition In Real Estate A Simple Interest Loan is a financing arrangement where interest is calculated only on the

Servicer Servicer Definition In Real Estate Finance A Servicer is an entity responsible for managing a mortgage or property related loan on behalf of the

Secured Lending Secured Lending Definition And Core Concept In Real Estate Secured Lending is a form of financing in which a loan is backed by