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High-LTV equity loan
High-LTV equity loan A home equity loan that creates a total loan to value ratio of up to 125 percent or more.
RELATED TERMS--------------------------------------
Equity
The difference between the market value of a property and the amount still owed on the mortgage.
Loan
A sum of borrowed money (principal) that is generally repaid with interest.
Value
The measure of the monetary equivalent of a property. The four essential elements of value are utility, scarcity, demand and transferability.
SIMILAR TERMS--------------------------------------
High density
The concentration of housing units in a specific area or on a specific property.
High-rise
In the central business district, this could mean a building higher than 25 stories above ground level, but in suburban markets, it generally refers to buildings higher than seven or eight stories.
Highest and best use
The reasonably probable and legal use of vacant land or an improved property that is physically possible, appropriately supported, financially feasible and that results in the highest value.
Highrise developments
Sometimes called mixed-use developments (MUDs), these combine office space, stores, theaters and apartment units in a single vertical community.
PREVIOUS AND NEXT TERMS--------------------------------------
Hereditaments
Property capable of being inherited.
Hers score
A number between 0-100 that is used to designate the energy efficiency of a home compared to guidelines established by the Home Energy Rating System Council.
Heterogeneity
The quality or state of being heterogeneous; different in kind; unlike; incongruous.
High density
The concentration of housing units in a specific area or on a specific property.
Highest and best use
The reasonably probable and legal use of vacant land or an improved property that is physically possible, appropriately supported, financially feasible and that results in the highest value.
High-LTV equity loan
High-rise
In the central business district, this could mean a building higher than 25 stories above ground level, but in suburban markets, it generally refers to buildings higher than seven or eight stories.
Highrise developments
Sometimes called mixed-use developments (MUDs), these combine office space, stores, theaters and apartment units in a single vertical community.
Hip roof
A pitched roof with sloping sides.
Historic preservation
A movement to protect buildings with historic value from destruction or extensive renovation.
Historic structure
A building listed in the National Register of Historic Places and certified as historic by the U.S. Secretary of the Interior.
This dictionary contains 6433 terms. |
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