"T" Listings - Mortgage Glossary
- Target Market – The demographic that a real estate investor or business owner wishes to target through marketing...
- Tax Liability – Total amount of taxes that will be owed...
- Tax Lien – Lien placed upon a property due to unpaid taxes...
- Tax Shelter – Source of tax deductions...
- Tenant – A person or business who rents real estate investment property or residential property...
- Tenant Improvements – (TI) Improvements made to a property by tenants...
- Term – Length of the mortgage loan...
- Terminal LTV – The ratio of the proposed loan amount to the value of an investment at the end of a
period...
- TIC's – Tenants In Common. Occurs when two or more individuals...
- Time Value of Money – The idea that a dollar today is worth more than a dollar in the future...
- Title – The indicator of the "fee" position of the lawful owner and his or her rights...
- Title Insurance – Fee paid to a title company to ensure that if any problems with clear title arise...
- Title Search – A search done to determine if clear title to the property is held by the seller...
- Total Annual Operating Income – Sum total of all monies received by a business or investor...
- Triple-Net Lease – (NNN) Also known as "net-net-net lease"...
- Truth in Lending Act – (TIL) Requires that the lessor be told the true cost of credit in the form of a mortgage loan...
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