Glossary N - R

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N
  1. negative amortization
  2. no cash-out refinance
  3. no-cost loan
  4. no-cost loan
  5. note
  6. note rate
  7. notice of default
O
  1. original principal balance
  2. origination fee
  3. owner financing
P
  1. partial payment
  2. payment change date
  3. periodic payment cap
  4. periodic rate cap
  5. personal property
  6. PITI
  7. PITI reserves
  8. Planned Unit Development (PUD)
  9. planned unit development (PUD)
  10. point
  11. power of attorney
  12. pre-approval
  13. pre-qualification
  14. prepayment
  15. prepayment penalty
  16. prime rate
  17. principal
  18. principal balance
  19. principal, interest, taxes, and insurance (PITI)
  20. private mortgage insurance (MI)
  21. promissory note
  22. public auction
  23. purchase agreement
  24. purchase money transaction
Q
  1. qualifying ratios
  2. quitclaim deed
R
  1. rate lock
  2. real estate agent
  3. Real Estate Settlement Procedures Act (RESPA)
  4. real property
  5. Realtor
  6. recorder
  7. recording
  8. refinance transaction
  9. remaining balance
  10. remaining term
  11. rent loss insurance
  12. repayment plan
  13. replacement reserve fund
  14. revolving debt
  15. right of first refusal
  16. right of ingress or egress
  17. right of survivorship

Glossary A - C    Glossary D - G    Glossary H - M

Glossary N - R    Glossary S - Z