Mortgage - Free Calculators

Terminologies for Alphabet Q-T

Terms for Q Quitclaim Deed Quit Claim Deed refers to a deed that transfers, without warranty, a grantor's interest in the ...Terms for R Rate Cap Rate Cap is a limit by which the interest rate on an adjustable rate mortgage (ARM) can ... Real Estate Mortgage Real Estate Mortgage helps in the purchasing or financing of real estate is known as real ... Real Estate Settlement Procedure Act (RESPA) RESPA (Real Estate Settlement Procedures Act) is a consumer protection statute passed in ... Reconveyance Clause Reconveyance Clause is a statement in the deed of trust (used in mortgage transactions) that ... Recording Fees Recording Fee is a fee that the local government charges in order to record a mortgage ... Refinancing Refinancing means the taking of a new mortgage loan in order to replace an existing one using ... Renegotiable Rate Mortgage Renegotiable Rate Mortgage is a kind of home loan introduced by the Federal Home Loan Bank ... Repayment Plan A repayment plan refers to an agreement between the lender and the borrower when the ... Replacement Reserve Mortgage lenders make payments on taxes and insurance from the borrower's monthly ... Rescission In contract law, rescission implies that a contract between different parties is cancelled. This ... Retail Sales Retail Sales are an indicator, prepared monthly by the Commerce Department that measures ... Retirement Plan 401(k) Are you in service for a long time and thinking how to save money for your retired life? You ... Retirement Plan 403(b) There are a number of ways by which you can make money. But your expenses hardly allow ... Reverse Annuity Mortgage Reverse annuity mortgage (RAM) is a mortgage loan program designed specially for senior ... Right of Ingress or Regress Right of Ingress or Regress is an excellent combination of two terms ''Ingress'' and ''Regress'' ... Risk-based Capital Risk Based Capital is a capital standard adopted for saving institutions in 1989. It requires ... Rate Improvement Mortgage Rate improvement mortgage is a fixed rate mortgage that includes a clause allowing the ... Recordation Exam The recordation exam includes a fee charged by the title company. The title company reviews ... Recording Recording refers to the filing of a legal document. Documents such as deed, mortgage note ... Rehabilitation Mortgage Are you planning to purchase a property and then renovate it? Well then, you may go for a ... Rent Loss Insurance Rent loss insurance policies are required in case you have offered your property as rent and ... Renters Insurance Renters Insurance is a policy that pays for replacement of possessions, and not for loss or ... Repayment Mortgage Repayment mortgage is the most common type of mortgage, where principal and interest ... Revolving Credit Revolving Credit is a credit agreement that allows a customer, to borrow against a pre ... Right of First Refusal Right of First Refusal refers to a provision in an agreement which states that a specified party ...Terms for S Sale-Leaseback Sale-Leaseback is a financing technique in which a property is sold off to an investor who ... Sales contract Sales contract is a purchase agreement between the buyer and seller of a property. The ... Secured Loan Secured loan refers to the borrowed loan that is backed by collateral. It requires some form ... Self Certification Mortgage Self Certification Mortgage is a type of mortgage, which allows a borrower to state his income ... Simple Interest Mortgage Simple Interest Mortgage refers to that mortgage, which comprises of daily calculation of... Sub Prime Mortgage Subprime Mortgages are home loans that are offered to people with poor credit history, non ... Sweat Equity Sweat equity refers to the quantity of manual labor put into the construction of a ... Satisfaction of Mortgage Satisfaction of Mortgage is a document issued by the mortgagee when the mortgage loan ... Second Mortgage Second Mortgage is a home loan taken against home equity that is kept as collateral for the ... Security Interest The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest ... Serious Delinquency Serious Delinquency refers to a single-family mortgage that is 90 days or more past due date. ... Shared Appreciation Mortgage The Shared Appreciation Mortgage (SAM) is a new home mortgage concept having fixed ... Step Mortgage Two-step mortgage is a kind of hybrid adjustable rate mortgage, that is, it has the features ... Stockholders Equity Stockholders Equity refers to the total value of all the assets owned by a person or a ... Submortgage Submortgage is that type of arrangement in which a mortgage lender guarantees a ... Subordinate Financing Subordinate Financing refers to any loan or mortgage that has a lower priority than that of the ...Terms for T Tenancy In Common Tenancy-in-common is a form of property ownership in which two or more individuals have ... Title Search Title Search refers to a search by a title company or attorney in some states of the public ... Treasury Bonds Treasury bonds are long-term debt securities issued by the US government. These bonds ... Tax Certificate A tax certificate is a certificate issued to the purchaser of property by the state or local ... Tax Lien A tax lien is a lien imposed by the government on the title to the property in order to ... Tax Sale A Tax deed sale is a forced sale of the property conducted by a government agency on ... Teaser Rate Teaser Rate or Introductory Rate is the initial low interest rate charged on an ARM ... Title Company A title company is an organization that specializes in: Checking the property title ... Title Insurance Title Insurance is an insurance policy which insures the homebuyer or the lender against ... Title Opinion Title opinion is a written statement from an attorney which describes the quality of title to ... Tracker Mortgage Tracker Mortgage is a very popular mortgage product and is based on Bank of England's ... Transfer Tax Real Estate Transfer Tax (RETT) is a tax charged by state or local governments when the ... Truth-In-Lending Act The Truth-in-Lending Act was enacted in 1968 as a part of the Consumer Protection Act. The ...