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Radon |
| A
radioactive gas found in
some homes that, if
occurring in strong
enough concentrations,
can cause health
problems. |
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Real estate agent
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| An
individual who is
licensed to negotiate
and arrange real estate
sales; works for a real
estate broker. |
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Realtor |
| A real
estate agent or broker
who is a member of the
NATIONAL ASSOCIATION OF
REALTORS®, and its local
and state associations.
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Refinancing |
| Paying
off one loan by
obtaining another;
refinancing is generally
done to secure better
loan terms (such as a
lower interest rate).
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Rehabilitation
mortgage |
| a
mortgage that covers the
costs of rehabilitating
(repairing or improving)
a property; some
rehabilitation mortgages
such as the FHA's 203(k)
allow a borrower to roll
the costs of
rehabilitation and home
purchase into one
mortgage loan. |
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RESPA |
| Real
Estate Settlement
Procedures Act; a law
protecting consumers
from abuses during the
residential real estate
purchase and loan
process by requiring
lenders to disclose all
settlement costs,
practices, and
relationships |
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If you have any
questions or would like more information, please contact me
828.262.1836, 800.473.2653, 828.963.0376,
email me, or use the online request form.
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