We're sure you don't like jargon - and neither do we. But it's a fact of real estate life. This glossary is here to help you make sense of it. And we've put a special emphasis on terms that reflect today's housing market.

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"g" Terms

The person who hires all of the subcontractors and suppliers for a project.
An estimate from an institutional lender that shows the costs a borrower will incur, including loan-processing charges and inspection fees.
Commonly known as Ginnie Mae, this agency buys home loans from lenders, pools them with other loans and sells shares to investors. Ginnie Mae differs from its cousins, Fannie Mae and Freddie Mac, in that it only purchases loans backed by the federal government.
A specified amount of time to make a loan payment after its due date without penalty.
A mortgage that requires a borrower to make larger monthly payments over the term of the loan. The payment is unusually low for the first few years but gradually rises until year three or five, then remains fixed.
A person conveyed an interest in a piece of property.
The person who conveys an interest in a piece of property to another person.
Any stretch of park, open space or other natural setting in a community.
A fixed rate mortgage that increases payments over a specific period of time. The extra funds are applied to the principal.
A loan guaranteed by a third party, such as a government institution.
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