6. Glossary
Get up to speed on real estate terms
- "As is" or "as is where is"
- Adjustable-rate mortgage (ARM)
- Amortization schedule
- Appraisal
- Appreciation
- Assessor
- Broker
- Clear title
- Co-borrower
- Commission
- Comparable sales or "Comps"
- Condominium
- Contingency
- Deed of trust
- Downpayment
- Earnest money deposit
- Easement
- Equity
- Escrow
- Expired listing
- Fixture
- Home inspection
- Home Owners Association (HOA) or Property Owners Association (POA)
- Homeowner's insurance
- Lender
- Lien
- Loan
- LTV (Loan-To-Value)
- Mortgage
- Option fee or inspection fee