Hard InquiryA hard inquiry, also called a hard pull, is a type of credit check done to determine an applicant’s creditworthiness. It results when(...)
HardiPlankHardiPlank is a type of fiber-cement siding, as it is comprised of cellulose fibers and cement-like components
Hazard InsuranceHazard insurance is a property insurance policy that provides coverage for damage to the structure of your home. Some home insurance(...)
HeirThe word “heir” describes a person who inherits property upon the death of another. It may be a spouse, child, descendant or other(...)
HELOCA home equityline of credit, or HELOC, is a loan in which the lender agrees to lend a maximum amount within an agreed period, where(...)
HERS Index ScoreThe Home Energy Rating System (HERS) Index is the industry standard by which a home's energy efficiency is measured. It's also the(...)
Hip RoofThis type of roof slopes on all four sides, are equal in length, and join at the top forming a ridge. A Hip roof is very sturdy and(...)
Historic PreservationHistoric preservation applies to the protection of structures, landmarks and natural areas that have been deemed “historically significant.”
HOAA homeowners association (HOA) is an organization in a subdivision, planned community or condominium that makes and enforces rules for(...)
HOA Master Insurance PolicyA master policy is a form of property and liabilityinsurance that HOA members collectively pay for as part of their membership dues.
Holding Tanka large container in which liquids are temporarily held.
Home InspectionA home inspection is a visual assessment of a house’s physical structure and mechanical systems, including the roof, ceilings, walls,(...)
Home InventoryA home inventory is a complete breakdown of the contents within your home. A home inventory will help you provide a detailed list to(...)
Home KeeperHome Keeper was a Fannie Maereverse mortgage program that allowed older homeowners to borrow against the equity in their homes.(...)
Home Ownership and Equity Protection ActThe Home Ownership and Equity Protection Act is a federal law that discourages banks and other financial institutions from predatory(...)
Home WarrantyIf you recently bought a home, chances are you were offered a home warranty. A home warranty is a service contract, not an insurance(...)
Homeowner Insurance Declarations PageA homeowner declarations page lists insurance coverages, limits and deductibles. This includes coverages for the dwelling, personal(...)
Homeowners Insurance PolicyHomeowners’ insurance, also called home insurance, provides financial protection in the event that the homeowner’s house or its(...)
Homestead ExemptionHomestead exemption laws prevent the sale of a home in order to pay off taxes or creditors. Nearly every state in the U.S. has(...)
Housing DiscriminationHousing discrimination is the illegal practice of discriminating against buyers or renters of dwellings based on race, color,(...)
Housing Expense RatioA housing expense ratio is the comparison of a borrower’s before-tax income. The number often is calculated when lenders are deciding(...)
HUD-1 StatementThe HUD-1 statement is a settlement form used to itemize and reconcile all the charges paid by the buyer and seller in purchasing real(...)
HypothecationHypothecation is the promise of collateral in return for a loan. When a lender chooses to issue a loan to a borrower, the lender(...)