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.
Search Mortgage Term  
Select a letter:   A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
 
Tenants-In-Common
An undivided interest in property taken by two or more persons. The interest need not be equal. Upon death of one or more persons, there is no right of survivorship.
 
Term
The period of time which covers the life of the loan. For example, a 30 year fixed loan has a term of 30 years.
 
Title
The evidence one has of right to possession of land.  
 
Title Insurance
Insurance against loss resulting from defects of title to a specifically described parcel of real property.
 
Title Search
An investigation into the history of ownership of a property to check for liens, unpaid claims, restrictions or problems, to prove that the seller can transfer free and clear ownership.
 
Total Debt Ratio
Monthly debt and housing payments divided by gross monthly income. Also known as Obligations-to-Income Ratio or Back-End Ratio.
 
Truth-In-Lending Act
A federal law requiring a disclosure of credit terms using a standard format. This is intended to facilitate comparisons between the lending terms of different financial institutions.