Real Estate Glossary and Terms
Realty Terms beginning with L
The legal document conveying title to a property.
A written statement used to identify or describe a property that satisfies a court of law.
The written geographical description of a property as described in the land register.
A charge registered against a property.
Any exterior wall or interior wall that supports its weight and the weight of other parts of the building.
A document that is filled out by those who want to borrow money. Applicants must provide detailed financial information on the application for the lender to consider before loans are granted.
Loan Application Fee
A cost charged by a lender for processing loan application documents that are submitted by prospective borrowers.
A mortgage where the borrower puts down a small amount and borrows a high percentage of the purchase price.
An offer made by a potential buyer that is well below the market bid.