Dictionary

Definition:   a covenant in a deed that warrants that the grantor holds the property by virtue of a fee simple title and has a complete right to dispose of same Pronunciation:  \ˈsē-zən\ Used in a ...

Definition:   evidence of a debt or of ownership Pronunciation:   \si-ˈkyu̇r-ə-tē\ Used in a Sentence:    To raise additional funds new owners will often invest in a security.

Definition:   The SAFE Act sets a minimum standard for licensing and registering mortgage loan originators Pronunciation: Used in a Sentence:

Definition:   one of the primary units of measurement in the government survey system of land description; a section is one mile square and contains 640 acres Pronunciation:   \ˈsek-shən\ Used in a...

Definition:   a source for the purchase and sale of existing mortgages Pronunciation: Used in a Sentence:   Freddie Mac and Fannie Mae are both active in the secondary mortgage market.

Definition:   a loan that is junior or subordinate to a first mortgage , normally taken out when the borrower needs more money Pronunciation: Used in a Sentence:   We took out a second mortgage on ...

Definition:   an agency or financial institution that buys mortgage loans previously made by primary lenders Pronunciation:   \ˈse-kən-ˌder-ē\ Used in a Sentence:   Freddie Mac is a secondary lende...

Definition:  a certificate issued by the mortgagee when a mortgage is paid in full Pronunciation:   \ˌsa-təs-ˈfak-shən\ \ˈmȯr-gij\ Used in a Sentence:    When we had paid off our mortgage debt we ...

Definition:   a method for estimating the market value of a property by comparing similar properties to the subject property Pronunciation: Used in a Sentence:    The appraiser used the sales compa...