Tag: mortgage
Real Estate Settlement Procedures Act (RESPA)
What is 'Real Estate Settlement Procedures Act - RESPA' This act was designed to protect potential homeowners and enable them to become...
Real Estate Owned (REO)
What is 'Real Estate Owned - REO' Real estate owned, or REO, is the name given to foreclosed-upon real estate, such as...
Reverse Mortgage
DefinitionA reverse mortgage is a type of home loan for older homeowners that requires no monthly mortgage payments. Borrowers are still responsible for property...
Real Estate Investnment Trust
A REIT offers you investment options in real estate through property or mortgages. It often trades on major stock exchange platforms. REITs provide investors...
Rate-Improvement Mortgage
What is a Rate-Improvement Mortgage
A rate-improvement mortgage is a type of home loan that offers a lower interest rate than the standard fixed-rate mortgage....
Rate And Term Refinance
If you're like most homeowners, your mortgage is probably the biggest financial commitment you've ever made. So if you're thinking of refinancing, it's important...
Real Estate Short Sale
What is a 'Real Estate Short Sale' A real estate short sale is any sale of real estate that generates proceeds that...
Back-to-Back Loan
DefinitionA Back-to-back loan is a loan agreement between entities in two countries in which the currencies remain separate but the maturity dates remain fixed....
Canadian Rollover Mortgage
Home Ownership by Country Canadian Rollover Mortgage What is 'Canadian Rollover Mortgage' A home mortgage with an adjustable rate feature. The Canadian...
CDO – Collateralized Debt Obligation
What is CDO (Collateralized Debt Obligation)? Collateralized Debt Obligation or CDO is a financial product that brings together assets that can generate cash flow...