Dictionary

Search for real estate and mortgage terms

Real Estate Dictionary contains a comprehensive list of real estate and mortgage terms and definitions for home buyers, home sellers, and real estate consumers with expanded definitions of the most important real estate and mortgage home loan terms. This dictionary is made available by Houston area REALTORS®. Please use the real estate dictionary term index section containing an alphabetical list of words with information about them.
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Hazard Insurance 
Insurance protecting against loss to real estate caused by fire, some natural causes, vandalism, etc., depending upon the terms of the policy.
 
Home Equity Line Of Credit
a credit line that is secured by a second deed of trust on a house. Equity lines of credit are revolving accounts that work like a credit card, which can be paid down or charged up for the term of the loan. The minimum payment due each month is interest o
 
Home Equity Loan
a loan secured by a second deed of trust on a house, typically used as a home improvement loan.
 
Housing Ratio
The ratio of the monthly housing payment in total (PITI - Principal, Interest, Taxes, and Insurance) divided by the gross monthly income. This ratio is sometimes referred to as the top ratio or front end ratio.
 
Hud
The U.S. Department of Housing and Urban Development.