Days on the MarketThe term “days on the market” refers to the number of days between the day a house is listed on the market and the day it is sold.
Debit Bureau A debit bureau is an agency that collects and reports information on bank accounts, such as checking and savings. A debit bureau(...)
Debt ConsolidationDebt consolidation is a refinancing tactic in which someone takes out new loans to pay off her existing debt. The new loan combines(...)
Debt-to-Available-Credit RatioDebt-to-available-credit, also called your credit utilization ratio, refers to how much of your available credit you’re using. The(...)
Debt-to-Equity RatioThe debt-to-equity ratio is the relationship between a company’s total debt and its total equity. The debt-to-equity ratio is a key(...)
Debt-to-Income RatioDebt-to-income ratio refers to how much of a borrower’s monthly income is eaten up by debt. Creditors, especially mortgage lenders,(...)
Declarations PageA declarations page is the part of an insurance policy that identifies the people and property covered by the policy and the length of(...)
DeductibleA deductible is the amount a person with insurance pays toward her claim before the insurance company pays the remainder.
DeedA deed is a legal document used to transfer rights to an asset or a real property from one person to another. A deed is distinct from(...)
Deed in Lieu of ForeclosureWhen a property owner surrenders the deed to the property to their lender in exchange for being relieved of the mortgage debt.
Deed of TrustA Deed of Trust is a type of secured real-estate transaction that some states use instead of mortgages. Also called ReconveyanceDeed(...)
DefermentDeferment is an agreement between a lender and a borrower to temporarily suspend debt payments.
Delinquent MortgageA mortgage becomes delinquent when the borrower doesn’t make the required payments. If the borrower continues to fall behind, the(...)
DenA “Den” is a small living room. A “Study” is an office without a computer, an “Office” is a study with a computer and just a place(...)
DepreciationDepreciation is a decrease in the price or value of an asset. Depreciation occurs when the market value of an asset is lower than the(...)
Designated AgencyA designated agency is one that represents both buyers’ and sellers’ interests. One agent, working for the broker or agency,(...)
Disaster LossDisaster loss occurs when resident incur a loss in an area that the president has declared as a national disaster area. Phenomena(...)
Disclosed Dual AgencyDisclosed dual agency is a term indicating that the dual agency relationship in a real estate transaction has been fully disclosed to(...)
Discount PointA discount point is a sum of money paid by the borrower or home buyer to the lender of the mortgage to decrease the interest rate of a(...)
Distressed PropertyDistressed property is any property that is under foreclosure or being sold by the lender. Normally, a distressed property is a result(...)
Document Needs ListThe document needs list is a list of key forms and documents a person taking out a mortgage needs to have on hand so that the lender(...)
Dome RoofThe polygonal shape of the Dome roof is unique and aethetically pleasing. This style of roof is an excellent choice for gazebos,(...)
Double OvenA “double oven” is a built-in oven fixture that has either two ovens, or one oven and one microwave oven.
Double Widea mobile home consisting of two units that have been fastened together along their length.
Down DraftA downdraft vent is a sleek way to expel fumes from your kitchen without the need of a range hood. Downdraft ventilation is often(...)
Down PaymentA home down payment is simply the part of a home’s purchase price that you pay up front and does not come from a mortgage lender via a loan.
Drain FieldSeptic drain fields, also called leach fields or leach drains, are subsurface wastewater disposal facilities used to remove(...)
DrawA draw is a payment taken from construction loan proceeds made to material suppliers, contractors and subcontractors. That means the(...)
Dry Dockis a narrow basin or vessel that can be flooded to allow a load to be floated in, then drained to allow that load to come to rest on a(...)
Dual AgencyDual agency is a term that refers to a situation when one real estate agent represents both the home buyer and seller in a(...)
Duct MasticDuct mastic is a sealant designed for use on ductwork and will eliminate air leakage through gaps or seams in the duct system
Due-on-Sale ClauseA due-on-sale clause is a stipulation in a mortgage or deed of trust, requiring a borrower to pay the entire loan balance upon the(...)
Duplex StyleA duplex is a multi-family home that has two units in one building — regardless of how those homes are arranged. Units can be(...)
