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Choose a Letter to view the terms starting with that letter.
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
Real Estate Settlement Procedures Act (RESPA)
Requires advance disclosure to consumers about mortgage loan settlements.
Redlining
The illegal practice of lending institutions denying loans to certain areas of a community.
Refinancing
The borrower pays off one loan with another.
Reverse Annuity Mortgage (RAM)
The homeowner receives monthly payments based on accumulated equity. The loan must be repaid at a prearranged date or upon the death of the owner or the sale of the property.
Right of Recission
The borrowers right to cancel a mortgage refinance transaction within three days from the date the settlement documents were executed.
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