A legal term describing a situation wherein a person or company has a temporary right to use and derive income from someone else's property (provided…

A mortgage loan program established by the United States Department of Veterans Affairs to help veterans and their families obtain home financing. The…

A home separate from an individual's primary residence that is used for recreational purposes and may also be rented out at unused times. For tax purposes…

A type of mortgage in which the seller offers to lend funds to the buyer to help facilitate the purchase of the property. The take-back mortgage often…

A U.S. cabinet department that provides patient care, veterans' benefits, and other services to veterans of the U.S. armed forces and their families…

A (French) real estate agreement where property is sold on a reverse annuity basis. Also known as a Reverse Annuity Mortgage or Charitable Remainder Trust…

A slang term used by mortgage-backed securities (MBS) traders and investors to refer to an MBS that is seasoned over some time period. MBSs typically…

A common type of car lease in which the lessee returns the car at the end of the lease period, ending the lease agreement. The lessee bears very little…

A line of credit extended by a financial institution to a loan originator to fund a mortgage that a borrower initially used to buy a property. The loan…

A survey established to provide current information regarding real estate market financing. The Weekly Mortgage Applications Survey contains statistical…

A dollar-weighted average measuring the age of the individual loans in a mortgage pass-through or pooled security, such as Ginnie Mae or a Freddie Mac…

The assumption of an existing mortgage by a qualified, third-party borrower from a financially distressed borrower. By having someone else assume the…

A loan that is most commonly used with property with an outstanding loan. The seller lends the buyer the difference between the existing loan and the…

A form of compensation that a mortgage broker, acting as the intermediary, receives from the original lender for selling an interest rate to a borrower…

A slang term for a young urban professional who cannot afford property. Yupcaps are individuals in their late twenties or early thirties with a post secondary…

The capital gains tax rate of 0% that is charged to individuals who sell property in an "enterprise zone". The zero capital gains rate can be applied…

Government (usually municipal) laws that control the use of land within a jurisdiction. Zoning areas may be classified as residential, commercial, farming, and so forth.