Loan Mortgage Rate
Loan Mortgage Rate
Loan Mortgage Rate

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Real Estate Terms of the Day for Loan Mortgage Rate



DISTRAINT
The right of a landlord, pursuant to a court order, to seize a tenants belongings for rents in arrears.

LOAN ORIGINATION FEE
Fee charged by a lender to cover administrative costs of processing a loan.

FISCAL YEAR
A business year used for tax, corporate or accounting purposes, as opposed to a calendar year.

JOINT LIABILITY
Liability shared among two or more people, each of whom is liable for the full debt.

HIGH RISE
A popular expression for a condominium or apartment building generally higher than six stories.

PREPAID INTEREST
The paying of interest before it is due.

ATTORNMENT
The act of a tenant formally agreeing to become the tenant of a successor landlord; as in attorning to a mortgagee who has foreclosed on the leased premises.

SUBORDINATION AGREEMENT
An agreement whereby a prior mortgagee agrees to subordinate or give up their priority position to an existing or anticipated future lien.

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