"R" Listings - Mortgage Glossary
- Rate of Return – Percentage that expresses ratio of total income received yearly to total expenses...
- Real Assets – Assets in the form of tangible goods such as real estate investment property...
- Real Estate Investment Loan – A loan, usually a commercial mortgage, made for the express purpose of securing real estate...
- Real Estate Investment Trust – (REIT) A business trust designed similar to an investment or a mutual fund for the purpose of allowing investors...
- Real Estate Settlement Procedure Act – (RESPA) A federal law passed in 1975 requiring the disclosure to borrowers by means...
- Real Property – Real assets such as property, jewelry or buillion. Can be seen, touched...
- Recapitalization – Pouring money back into an investment for maintenance, improvement, or expansion...
- Recession – Economic downturn that is not thought to be quite as severe as a depressions...
- Recording Fee – Fee charged to a buyer of a property for recording the deed down at the county courthouse...
- Recourse – Things that either the buyer or seller can do if the other party breaches the contract...
- Refinancing – Getting a new mortgage on a property, usually done when market value has increased...
- Regulation Z – The regulations issued by the Board of Governors of the Federal Reserve System to aid in the implementation...
- Regulatory Requirements – Any requirements issued by a regulatory body or government entity...
- REIT – Real Estate Investment Trust...
- Rent Concession – discount on the rent given in exchange for tenants performing their own repairs or maintenance...
- Rent Roll – All records from an apartment complex or multi-business leased-out office building...
- Rent Step-Up – Increase in rent that is built into the lease...
- Replacement Cost – Actual cost to replace the object destroyed, as opposed to the estimated current value...
- Replacement Property – Replaces a property sold under the 1031 Exchange...
- Reserve Funds – Accumulation of funds collected from owners in common interest subdivisions...
- Retail Gap Analysis – An analysis of what's missing in a given cluster of retail stores...
- Retail Property – Property upon which there is a store or other outlet which sells goods or services...
- Reversionary Value – (RV) The estimated value of an estate such as a leasehold estate or a life estate...
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