Sullivan Properties

Real Estate Glossary

[ a ] [ b ] [ c ] [ d ] [ e ] [ f ] [ g ] [ h ] [ j ] [ l ] [ m ] [ n ] [ o ] [ p ] [ q ] [ r ] [ s ] [ t ] [ v ]

maturity
The date a loan is due.


modification
A change that a lender makes in the terms of your mortgage that does not require you to refinance the loan.


mortgage
A legal document that pledges a property as security for payment of a debt.


multidwelling unit
A property that provides housing units for multiple families, on which there is a single mortgage.