"E" Listings - Mortgage Glossary
- Earnest Money – A sum of money or other consideration give by a prospective purchaser to the seller...
- Easement – Any right, privilege or interest limited to a specific use or purpose...
- Economic Base – The major economic support of a community...
- Effective Gross Income – A method used by commercial mortgage lenders to determine income...
- Efficiency Percentage – Ratio of expected return for a given level of risk...
- Encumbrance – Anything that might affect or limit the fee simple title...
- Engineering Report – A report written by an architect or engineer describing the current...
- Entitlements – A right to benefits specified especially by law or contract...
- Environmental Report – A study of land that takes into account everything from endangered species to...
- Environmental Risk – The risk that is associated with certain economic or administrative consequences...
- Equal Credit Opportunity Act (ECOA) – A federal law that forbids any discrimination in granting credit due to race...
- Equity – Market value of a real estate investment property...
- Equity Lease – A lease that gives the loan holder an ownership position in a property...
- Equity Loan – A mortgage loan for an equity position that gives the loan holder an ownership position...
- Escrow – An arrangement that is made for the deposit of financial instruments...
- Exchange – A way to trade equities in two or more real properties...
- Expected Value (EV) – The sum of the weighted averages of all possible outcomes of a probability distribution...
- Expense Growth Rate – Rate at which yearly expenses grow...
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