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

F

Fair Credit Reporting Act	A federal law that regulates the disclosure of consumer credit reports by consumer/credit reporting agencies, and establishes procedures for rectifying errors on individuals' credit records
Fair Housing Act	A federal law which prohibits discrimination in housing based on race, color, religion, sex, handicap, familial status and national origin
Fair market value	The highest price that a buyer, who is willing but not required to buy, would pay for a piece of property or home, and the lowest price that a seller, who is willing but not required to sell, would accept
Fannie Mae	The Federal National Mortgage Association (also FNMA), a private corporation which is federally chartered to provide financial products and services that increase the availability and affordability of housing, by purchasing mortgages from banks and other lending institutions; the FNMA is the largest non-bank financial services company in the world, as well as the largest resource for financing of home mortgages in the U.S.
Farmer's Home Administration (FmHA)	A federal agency that provides credit assistance to farmers and other individuals residing in rural areas of the U.S.
Federal Deposit Insurance Corporation (FDIC)	An independent federal agency that insures the deposits in commercial banks
Federal Home Loan Mortgage Corporation (FHLMC)	A corporation established to purchase primarily conventional mortgage loans in the secondary mortgage market
Federal Housing Administration (FHA)	An agency of the U.S. Department of Housing and Urban Development (HUD), whose function is the insuring of residential mortgage loans made by private lenders; while setting standards for construction and underwriting, the FHA itself does not lend money, or construct housing
FHA insurance	Mortgage insurance provided by the Federal Housing Administration to protect banks, savings and loans, and mortgage companies against loss on real estate loans
FHA loan	A loan insured by the Federal Housing Administration, and made by an approved lender in accordance with the FHA's regulations
Federal National Mortgage Association (FNMA)	A governmental agency established to purchase any kind of mortgage loans in the secondary mortgage market from the primary lenders
Fee simple	The greatest interest in a parcel of land that is possible, or the total interest in real property
Fiduciary relationship	A relationship of trust and confidence, as between principal and agent, trustee and beneficiary, attorney and client
Finder's fee	A commission paid to a mortgage broker for sourcing a mortgage loan for a prospective borrower
First mortgage	A mortgage that is the primary lien against a property
Fixed-rate mortgage (FRM)	A mortgage in which the interest rate remains fixed over the duration of the term of the loan
Fixture	Any item of property that is attached to real property such that it becomes a permanent part of the real property, and therefore is usually sold with it
Foreclosure	A legal proceeding usually initiated by the lender or creditors, involving a forced sale of a property owned by a borrower who has defaulted on payment of, or on the terms of, a loan on said property, and whereby the borrower is deprived of his or her interest in the property
Forfeiture	The loss of money, property, rights, or privileges due to a breach of legal obligation
Forfeiture of Title	The provision in a deed that accounts for title being passed to another, should certain terms not be met or certain circumstances occur
Freddie Mac	The Federal Home Loan Mortgage Corporation (also FHLMC), a private corporation that is federally chartered to purchases and sells mortgage loans; a major player in the secondary market, along with the Federal National Mortgage Associate (FNMA)
Front ratio	The ratio of a potential borrower's monthly housing costs to their gross monthly income, utilized by lenders to qualify an applicant for a loan; typically 28-40 percent is acceptable
Fully amortized ARM	An adjustable-rate mortgage (ARM) with a monthly payment that is sufficient to pay off the remaining balance at the interest accrual rate over the amortization term
Fully indexed note rate	Te index value at the time of application for an adjustable rate mortgage (ARM) plus the gross margin stated in the note

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 >

"A model of how the Internet can facilitate the process of deciding where to send your children to school" - America's Best School Profiles by The Heritage Foundation Colorado Public, Private and Charter Schools: Compare them using these top-rated, comprehensive reports.   Schools in Loveland, Greeley and Ft. Collins

Q  Where is the world's oldest castle located? A  The castle at Gomdan, Yemon, dating from before A.D. 100, is considered the oldest castle; it originally had 20 stories. See More Real Estate Trivia >

Tracy Wilson Eco-Broker, E-Pro, GRI, CSP, and ABR The Group Inc. 1401 West 29th Street Loveland, CO 80538 Office: 970-663-0700 Fax: 970-663-0299 Tracy@TracysTeam.com For Tracy Wilson, it’s all about building lasting relationships with both buyers and sellers—and for her, this is a lifetime commitment. After the deal is done, she removes her “Realtor Hat” and walks out with her friends. Tracy continues to nurture her buyer and seller friends for years. One key to her success at making such lasting relationships is her belief in the “Team Concept” approach to her work, a top-producing team that stays on the cutting edge of technology and constantly continues their Real Estate education. Tracy makes sure that through the efforts and expertise of each of her team members, lines of communication are kept open and clients are kept well informed through every step of every transaction. Tracy’s clients never feel left in the dark when working with her and her team of experts. Because Tracy believes that excellent communication is the key to success, she has also developed the ability to listen carefully to the needs of both buyers and sellers. In this way, she is always in the position to be able to assist her clients and play a part in making their dreams come true! Clients have appreciated this about Tracy for years. Tracy also strongly believes in investing back in her sellers! She feels that it is a privilege to list a person’s home and she enjoys conveying that. She enjoys letting sellers know that because they are bestowing on her and her team the honor of listing their home, which is such a large investment, she and her team in turn will be using top marketing means, top advertising, and so on, in response. In sum, if you want your dream to come true, contact Tracy Wilson today for the best that Loveland, Greeley and Ft. Collins, Colorado, has to offer! She’ll be a friend for life! www.TracysTeam.com is brought to you by Tracy Wilson NUMBER1EXPERT™ in real estate for Loveland, Greeley and Ft. Collins, Colorado Read Tracy Wilson'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.