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About Brokers & Lenders  |  Mortgage Glossary  |  Purchase Calculators  |  Refinance Calculators

Mortgage Glossary

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Real Estate Agent:
An individual who is licensed to negotiate and arrange real estate sales.  Works for a real estate broker.
REALTOR:
A real estate agent or broker who is a member of the National Association of Realtors and its local and state associations.
Refinancing:
Paying off one loan by obtaining another.  Refinancing is generally done to secure better loan terms (like a lower interest rate).
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.