Real Estate Glossary - 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 /

Accelerated Clause: Loan verbiage that provides the lender with the right to demand payment of the entire outstanding balance on your home loan, if you miss a monthly payment, sell the home, or otherwise fail to perform as promised under terms of your mortgage.

Adjustable Period: The length of time between interest rate changes on an ARM. For example, a loan with an adjustable period of one year is called a one-year ARM, which means that the interest rate can change once per year.

Adjustable Rate Mortgage (ARM): A mortgage that permits the lender to adjust the interest rate periodically on the basis of changes in a specified index. See Fixed-rate Mortgage.

Adjustment Period: How often the rate of an adjustable rate mortgage adjusts (see Adjustable Rate Mortgage).

Affidavit: A sworn statement in writing, made before an authorized official.

ALTA: Abbreviation for the American Land Title Association.

Amortization: Repayment of a loan in equal installments of principal and interest rather than interest only payments.

Annual Percentage Rate (APR): The total finance charge (interest, loan fees, points expressed as a percentage of the loan amount).

Appraisal: A written analysis of the estimated value of a property prepared by a qualified appraiser.

Appreciation/depreciation: Refers to either the increase (appreciation) or the decrease (depreciation) in a home's value.

Assessed value: The value of a property according to your local tax assessor; determines how much you will pay in property taxes.

Assessments: Specific and special taxes (in addition to normal taxes) imposed on real property to pay for public improvements within a specific geographic area.

Assumption of Mortgage: A buyer's agreement to assume the liability on an existing note that is secured by a mortgage or deed of trust. The lender must approve the buyer in order to assume the loan.

CALL ME at 678-617-7167 to discuss your Real Estate needs. We are hard working, dedicated and honest in our approach to our clients and the industry as a whole. .

Mark Tidwell 678.617.7167
Linc Realty of Atlanta 678.394.3200

Resource Center

Listing Plans

Atlanta Flat Fee Real Estate Broker

Atlanta Discount Real Estate Broker

Service Area

Compare Plans

Compare Savings


Seller's Tips

Listing Agent

Buyer's Agent

Closing Fees

Our Guaranty

About Us