Welcome > Resources > Real Estate Dictionary - A

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

M

Majority	The age at which an individual is legally entitled to handle his or her own affairs
Margin	The amount added to the index on an adjustable-rate mortgage (ARM) that establishes the adjusted interest rate at a given time
Market value, or Fair market value	The most likely price that a piece of property or home can realistically be sold for, and is dependent on the selling price of similar real estate in the area
Marketable title	A clear, unencumbered title, reasonably acceptable without the threat of the risk of litigation
Maturity	The date on which the principal balance of a loan, bond, or other financial commitment is due and payable
Mechanic's lien	A lien created by statute to allow unpaid contractors, laborers or suppliers who have performed work on or furnished materials for the construction of a building to recover the value of their work
Metes and Bounds	Means for describing property by a set of directions and distances, when there isn't identification based on a surveyed lot number
Minor	An individual below the age at which he or she is legally entitled to handle his or her own affairs
Monument of Survey	le indications made on natural or man-made objects that indicate the boundaries of a survey
Mortgage	A legal document that pledges a property to the lender as security for the payment of a loan or debt
Mortgage broker	An individual or company that acts as an agent between borrowers and lenders for the purpose of arranging and negotiating mortgage contracts; who is paid a fee for such service
Mortgage insurance	A contract that guarantees the lender against loss caused by a mortgagor's default on a government or conventional mortgage; such insurance can be issued by a private company or by a government agency, and covers either only a percentage, or the total, of the mortgage loan
Mortgagee	The lender in a mortgage transaction
Mortgagor	The borrower in a mortgage transaction
Multiple-listing service (MLS)	An organization of brokers who share their listing agreements with one another in order to find buyers for their properties more effectively than they could individually

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

	About You
* Your Name:
* Your Email Address:
Your Street Address:
City:
State/Province:
Country:
Zip/Postal Code:
Phone:
	Additional Info
Ask Your Question Here!
Send Latest Listings:
Send Latest News:

*Please note that fields marked with an asterisk are required.

Quick Response Guarantee > Your Privacy Is Guaranteed > Free & Without Obligation >

Q  What mortgage transactions between borrowers and lending institutions operate in the private sector of the economy? A  Conventional mortgages are private sector transactions that are not insured or guaranteed by the government. See More Real Estate Trivia >

John DeSmedt Keller Williams 19721 Bethel Church Road Cornelius, NC 28031 704-999-0896 Fax: 704-235-1901 JohnDeSmedt@NUMBER1EXPERT.com I am a highly trained “Real Estate Specialist” with many years of valuable expertise. I deal with buyers and sellers from all walks of life and an assortment of needs. My website provides excellent information on various topics and allows home buyers to sign up to receive all the latest listings in any area. For home sellers I have developed a system which I refer to as the “Ultimate Home Marketing System". It has proven to be extremely successful in finding that qualified buyer. I hope you will afford me the opportunity to sit down and discuss your real estate needs. www.JohnDsellshomes.com is brought to you by John DeSmedt NUMBER1EXPERT™ in real estate for Charlotte, Lake Norman and Concord, North Carolina Read John DeSmedt's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge

NUMBER1EXPERT™
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.