"F" Listings - Mortgage Glossary
- Fair Credit Reporting Act (FCRA) – A federal law that give individuals the right to examine and correct credit information...
- Fair Market Value – The amount of money that a reasonable buyer would pay for a property...
- Fannie Mae – Quasi-governmental agency established to purchase from the primary lenders...
- Feasability Analysis – Analysis of the cost-to-benefit ratio of an economic endeavor...
- Fee Simple – Same thing as "fee", which is of Old English derivation and means an estate...
- Federal Emergency Management Agency (FEMA) – Formerly, an independent agency that had its beginnings from the...
- Federal Funds – Monies obtained from the federal government of the USA for use in rebuilding...
- Federal Housing Administration (FHA) – An agency of the federal government that insures private first mortgage loans...
- First Mortgage – Primary lien on a property...
- Fitch Ratings – Commonly used in the context of general equities. A chronological listing of trades...
- Fixed Interest Rate Mortgage – A mortgage loan in which the interest rate is not subject to change...
- Fixtures (FF&E) – Movable things like as toilets and built in store showcases that are attached to land or its improvements...
- Flex Space – A non-specific room in a single family dwelling home or industrial property...
- Flood Certification – A certification stating what kind of flood zone a property is in...
- Floor-to-Area Ratio (FAR) – Ratio of floor space (expressed in square feet) to the entire interior area...
- Forbearance – A tolerating behavior by a creditor against a borrower who has not received payment...
- Foreclosure – Legal and physical actions that culminate in repossessing a piece of real estate investment property...
- Franchise – A privilege given by a government or a business firm that awards exclusive dealerships...
- Franchise Fees – Fees paid for a specific privilege awarded by a government or a business firm...
- Freddie Mac – Federal Home Loan Mortgage Corporation. An independent stock company...
- Freestanding Retail – A standalone store or other retail establishment that does not share any common walls...
- Full Recourse – Means that no matter what happens, the borrower or his guarantors guarantee...
- Fully Amotized Mortgage – A mortgage note that is fully repaid at maturity by periodic reduction...
- Future Value (FV) – Amount of cash at a future date that would be the equivalent of a specific sum today....
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