Vocabulary | Definitions | Terms

Vocabulary | Definitions | Terms

Accelerated Clause

Accredited Buyer Representative – ABR®

Adjustable Period

Adjustable Rate Mortgage (ARM)

Adjustable Rate Mortgages

Adjustment Period

ALTA (American Land Title Association)

Annual Percentage Rate (APR)

Appreciation / Depreciation

Assumption of Mortgage

Attorney-in-fact

Balloon Payment

Biweekly Payment Mortgage

BPO – Broker Price Opinion

Buyer’s Agent

California Association of REALTORS® (CAR)

Certificate of Reasonable Value (CRV)

Certificate of Title

Choosing a Mortgage

Closing Costs | Buyer

Closing Statement

Closing the Escrow Process | Buyer

Common Loan Questions | Buyer

Community Property

Conventional Loan

Conversion Clause

Council of Residential Specialists (CRS) now known as Residential Real Estate Council

Debt-to-Income Ratio

Deposit Receipt

Due on Sale Clause

Exclusive Listing

Fair Credit Reporting Act

Fair Market Value (FMV)

Federal Housing Administration (FHA) Loan

Federal National Mortgage Association (FNMA)

First Time Tahoe Home Buyers

Fixed Rate Mortgages

Fixed-Rate Mortagage

Getting a Loan Pre-Approval | Buyer

Getting Prepared to Buy a Tahoe Home | Buyer

Getting the Tahoe Purchase Offer | Buyer

Graduated Payment Mortgage

Home Inspection

Home Inspection Report

Home Owner’s Insurance

Home Warranty Policy

Loan Application Check List | Buyer

Loan Applications | Buyer

Loan Committment

Loan to Value Ratio

Managing the Escrow Sale Details | Seller

Mortgage Banker

Mortgage Broker

Mortgage Insurance

Multiple Listing Service (MLS)

National Association of REALTORS® (NAR)

Negative Amortization

Negotiating | Buyer

Negotiating | Seller

Origination Fee

Other Tahoe Home Buyer Considerations | Buyer

PITI (Principal, Interest, Taxes, and Insurance)

Planned Unit Development (PUD)

Pre-Payment Penalty

Principal

Private Mortgage Insurance (PMI)

Property Tax Calendar

Real Estate Agent

REO – Real Estate Owned

Resort and Second Home Property Specialist (RSPS)

Tenancy-In-Common

The Loan Process

The Tahoe Purchase Agreement

The Tahoe Real Estate Sale Process

The Underwriter

Title Insurance Policy

Truth in Lending

Typical Mortgage Providers

Using a Tahoe Property Check List | Buyer

Veterans Administration (VA)

Visiting Tahoe Open Houses | Buyer

What is a Mortgage?

What is Escrow?

What will be included in my Mortgage Payments

Who Pays for What in the Tahoe Area?

Your Rights as a Consumer

Your Tahoe Buyer Responsibilities