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.

  1. A
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  4. D
  5. E
  6. F
  7. G
  8. H
  9. I
  10. J
  11. K
  12. L
  13. M
  14. N
  15. O
  16. P
  17. Q
  18. R
  19. S
  20. T
  21. U
  22. V
  23. W
  24. X
  25. Y
  26. Z

"h" Terms

This provision of homeowners insurance covers damage by fire, wind or other disaster. It is required by all lenders before a loan is approved.
The concentration of housing units in a specific area or on a specific property.
A home or building listed in the National Register of Historic Places and certified as historic by the U.S. Secretary of the Interior.
A home or building listed in the National Register of Historic Places and certified as historic by the U.S. Secretary of the Interior.
Loans made to older owners who want to convert equity into money. Because borrowers are qualified on the basis of the value of their home, the loan is not the same as a home equity loan. Also known as reverse mortgages.
A loan that allows owners to borrow against the equity in their homes.
An examination of a home's construction, condition and internal systems by an inspector or contractor prior to purchase.
A type of insurance that covers repairs to certain parts of a house and some fixtures.
A group that governs a modern subdivision or planned community. An association collects monthly fees from all owners to pay for maintenance of common areas, handle legal and safety issues, and enforce the covenants, conditions and restrictions set by the developer.
This insurance includes hazard coverage for any damages that may affect the value of a house, in addition to personal liability and theft coverage.
Special insurance policies that cover certain home repairs for a specified amount of time.
The illegal practice of denying an individual or group the right to buy or rent a home based on race, color, religion, national origin, sex, disability or family status.
The percentage of gross monthly income devoted to housing costs.
A closing statement or settlement sheet that outlines all closing costs on a real estate transaction or refinancing.
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