The following terms were found in the Loan Glossary
beginning with the letter (D).
Please review the terms below.
Total Records Returned for (D): 8
Deed: The legal document conveying title to a property.
Deed of trust: The document used in some states instead of a mortgage; title is conveyed to a trustee rather than to the borrower.
Default: Failure to make mortgage payments on a timely basis or to comply with other conditions of a mortgage.
Delinquency: A loan in which a payment is overdue.
Deposit: Cash paid to the seller when a formal sales contract is signed.
Depreciation: A decline in the value of property; the opposite of appreciation.
Downpayment: The part of the purchase price which the buyer pays and does not finance with a mortgage.
Due-on-sale clause: A provision in a mortgage allowing the lender to demand repayment in full if the borrower sells the property securing the mortgage.