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deposit A sum of money given to bind the sale of real estate, or a sum of money given to ensure payment or an advance of funds in the processing of a loan. depreciation A decline in the value of property; the opposite of appreciation. detached dwelling A dwelling, usually containing one living unit that is freestanding. |
disclosure
Bringing into view by uncovering, revealing knowledge, making known, freeing from secrecy or ignorance.
discount points
A fee added to your closing costs in exchange for a lower interest rate on a loan.
down payment
The part of the purchase price of a property that the buyer pays in cash and does not finance with a mortgage.
due-on-sale provision
A provision in a mortgage that allows the lender to demand repayment in full if the borrower sells the property that serves as security for the mortgage.
