Unit 14: Real Estate Financing Flashcards
1
Q
acceleration clause
A
2
Q
adjustable-rate mortgage (ARM)
A
3
Q
alienation clause
A
4
Q
amortized loan
A
5
Q
assumption of mortgage
A
6
Q
balloon payment
A
7
Q
beneficiary
A
8
Q
Comprehensive Loss Underwriting Exchange (CLUE)
A
9
Q
debt to income (DTI)
A
10
Q
deed in lieu of foreclosure
A
11
Q
deed of reconveyance
A
12
Q
deed of trust
A
13
Q
defeasance clause
A
14
Q
deficiency judgement
A
15
Q
discount points
A
16
Q
equity
A
17
Q
foreclosure
A
18
Q
growing-equity mortgage
A
19
Q
homeowners insurance
A
20
Q
hypothecation
A
21
Q
index
A
22
Q
interest
A
23
Q
interest-only loan
A
24
Q
lien theory
A
25
loan origination fee
26
loan-to-value ratio LTV
27
margin
28
mortgage
29
mortgagee
30
mortgagor
31
negative amortization
32
negotiable instrument
33
note
34
novation
35
PITI (principal, interest, taxes, and insurance)
36
prepayment penalty
37
promissory note
38
release deed
39
reverse mortgage
40
satisfaction of mortgage
41
short sale
42
straight loan
43
"subject to"
44
title theory
45
trustor
46
usury
