Top: Business: Finance and Insurance: Mortgages: Terminology: R


[ history ]

Radon

a radioactive gas found in some homes that, if occurring in strong enough concentrations, can cause health problems.


[ history ]

Real estate agent

an individual who is licensed to negotiate and arrange real estate sales; works for a real estate broker.


[ history ]

Realtor

a real estate agent or broker who is a member of the US NATIONAL ASSOCIATION OF REALTORS and its local and state associations or of a national real estate institute.


[ history ]

Refinancing

paying off one loan by obtaining another; refinancing is generally done to secure better loan terms (like a lower interest rate).


[ history ]

Rehabilitation mortgage

a mortgage that covers the costs of rehabilitating (repairing or Improving) a property - some rehabilitation mortgages allow a borrower to roll the costs of rehabilitation and home purchase into one mortgage loan.


[ history ]

RESPA

Real Estate Settlement Procedures Act; a United States law protecting US consumers from abuses during the residential real estate purchase and loan process by requiring lenders to disclose all settlement costs, practices, and relationships.



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