1
A loan used to buy a house, which you pay back over time with interest
2
A professional estimate of a property’s value
3
A physical document transferring property ownership
4
Buying and reselling a property quickly for profit
5
A property owner who rents out space
6
Taxes paid by homeowners based on property value
7
A company that owns income-producing real estate
8
Selling a home for less than the mortgage balance, often to avoid foreclosure
9
A person who rents a property
10
The portion of a home that a homeowner actually owns, calculated as the home’s value minus any outstanding mortgage
11
A third-party account that holds money or documents until all conditions of a sale are met
12
When a homeowner fails to pay the mortgage, and the lender takes back the property
13
A group that enforces rules and maintains common areas in a community, often requiring monthly fees
14
A professional evaluation of a home's condition before purchase
15
A property that is advertised for sale
16
A legal concept that proves property ownership and describes ownership rights and responsibilities
17
Government rules that determine how land can be used, such as residential or commercial
18
The percentage of income used for debt payments, affecting mortgage approval
19
Fees paid upfront to reduce a mortgage’s interest rate
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