Maintenance (Grounds)provides a pleasant outdoor environment by ensuring that the grounds of houses, businesses, and parks are attractive, orderly, and healthy.
Major EncroachmentA garage or part of a house being built on your property would fall into this category. Other items that can cause issues are an(...)
Mansard RoofAlso known as a French roof, the Mansard style is a 4 sided roof with a double slope on each side which meet forming a low pitched(...)
Manufactured HousingManufactured housing refers factory-built homes that can be placed on a piece of land. Styles vary from modest trailers to dwellings(...)
Market ConditionsMarket conditions are the factors that influence the housing market in a particular area, such as cost of living, demographics, supply(...)
Master DeedA document used by condominium developers to record the project;its division into condominium ownership;and the grant of common areas(...)
Master-planned CommunityMaster-planned community is a large-scale residential neighborhood with a large number of recreational and commercial amenities, such(...)
Master's DeedA deed from a judicial officer given as a result of a foreclosure, a tax sale, or sometimes a divorce,depending on the state and its(...)
MaturityIn finance, maturity refers to the date on which the principal balance of a loan becomes due and payable. It also refers to the date(...)
Maturity DateThis includes loan amount, interest rate, payment and maturity date. The maturity date is the date when your final payment is due.
McMansionMcMansion is a term for houses between 5,000 and 10,000 square feet with grandiose entryways and multicar garages, often built on(...)
Mechanic’s LienA mechanic’s lien is a legal claim made against real estate by suppliers or contractors who have not been paid for the work they have(...)
Median PriceMedian price is the middle point for real estate prices. It is not the same as the average price.
Mediterranean StyleMediterranean-style homes, which resemble the aesthetic of Mediterranean villas, originated in the 1920s. ... A blend of Spanish and(...)
Metal Sidingis a popular alternative to wood, vinyl, and other materials in situations where durability is a top priority. The two types of metal(...)
Minor EncroachmentMinor encroachments might consist of a fence, portable outdoor shed, doghouse or garden spot that crosses a property line. The(...)
Misting Systemis a series of misting nozzles placed in a tube and pressurized to provide a fine spray consisting of water droplets between 5 microns(...)
MLSMLS stands for multiple listing service, which is a database that real estate agents use to share their listings with other agents and(...)
Modern StyleThe Modern house was most typically a post-and-beam structure with a flat or broad low-pitched gable or shed roof. Exposed structure,(...)
ModificationModifications are changes lenders make to an existing loan, resulting from the borrower’s inability to repay the loan.
Moratorium PeriodA moratorium period is a period during a loan term when the borrower is not obligated to make a payment.
MortgageA mortgage is a loan from a bank or other financial institution that helps a borrower purchase a home. The collateral for the mortgage(...)
Mortgage AgentA mortgagebroker acts as an intermediary who brokers mortgage loans on behalf of individuals or businesses.
Mortgage BankerA mortgage banker is someone who originates home loans. The mortgage banker might keep the loan or sell it to an investor.
Mortgage BondA mortgage bond is a bond in which holders have a claim on the real estateassets put up as its collateral.
Mortgage DeedA document signed between a homeowner and a bank or lending institution, allowing said institution to put a lien on the property if(...)
Mortgage InsuranceMortgage insurance is a product that insures a mortgage in case the borrower defaults. Homeowners who pay a down payment of less than(...)
Mortgage Interest DeductionMortgage interest deduction is the interest expense on a home loan that the government allows you to subtract from your income prior(...)
Mortgage LienA mortgage lien is a form of conditional ownership of your property claimed by your home loan provider. Since your lender has a claim(...)
Mortgage Life InsuranceMortgage life insurance is a type of insurance product that pays off a mortgage if the borrower dies.
Mortgage Loan OriginatorA mortgage loan originator helps a borrower choose the correct mortgage product and complete the application process.
Mortgage NoteA Mortgage Note states the amount of debt and the rate of interest, and obligates the borrower, who signs the note, personally(...)
MortgagorA mortgagor is the person who borrows money to finance the purchase of real estate using the value of the property as collateral for(...)
Mound SepticA mound system is an engineered drain field for treating wastewater in places with limited access to multi-stage wastewater treatment(...)
MudroomA “mudroom” a small room or entryway where footwear and outerwear can be removed before entering a house. A proper mudroom would be(...)
