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Floor
Floor The minimum rate possible on a variable-rate loan or line of credit, after any initial introductory rate period.
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Rate
Percentage a borrower pays for the use of money, usually expressed as an annual percentage.
Loan
A sum of borrowed money (principal) that is generally repaid with interest.
Credit
An agreement in which a borrower receives something of value in exchange for a promise to repay the lender at a later date.
SIMILAR TERMS--------------------------------------
Flood hazard areas
Locations specified on Federal Emergency Management Agency (FEMA) maps indicating areas that are subject to flooding. The seller's agent is required to inform potential buyers if the agent has knowledge that a property is located in such an area.
Flood insurance
Insurance that compensates for physical property damage resulting from flooding.
Flood plain
Land that is prone to inundation.
Floor area ratio (FAR)
The ratio of the gross square footage of a building to the square footage of the land on which it is situated
PREVIOUS AND NEXT TERMS--------------------------------------
Floating
The time period is defined by a season and the week period is not fixed. One reserves the time period within the appropriate season annually.
Floating wall
Walls built to withstand movement in the basement floor.
Flood hazard areas
Locations specified on Federal Emergency Management Agency (FEMA) maps indicating areas that are subject to flooding. The seller's agent is required to inform potential buyers if the agent has knowledge that a property is located in such an area.
Flood insurance
Insurance that compensates for physical property damage resulting from flooding.
Flood plain
Land that is prone to inundation.
Floor
Floor area ratio (FAR)
The ratio of the gross square footage of a building to the square footage of the land on which it is situated
Florida room
An enclosed porch built on the back or side of a house, sometimes air-conditioned.
Flue
The pipe or conduit that allows combustion gasses to exit the house.
Flush
To open a cold-water tap to clear out all the water that may have been sitting for a long time in the pipes. In new homes, to flush a system means to send large volumes of water gushing through the unused pipes to remove loose particles of solder and flux.
FNMA 30 year Mortgage Commitment delivery 60 days
FNMA is the Federal National Mortgage Association, commonly known as Fannie Mae. It purchases Federal Home Administration, Veterans Affairs and conventional mortgages from primary lenders and sells them to investors.
This dictionary contains 6433 terms. |
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