assureamericatitleinsurance.com

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Definitions (54)

1

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Abstract Title


A condensed history or a summary of all transactions affecting a particular area of land.
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Adjustable rate mortgages


Mortgage with an interest rate that can change up or down depending on an indicator. These are often based on something like the current rate of Treasury bills.
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Sworn declaration


An affidavit.
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Title insurance all inclusive


Florida title insurance which includes all charges in one price
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Amortize


To reduce debt by regular periodic payments that include amounts applicable to principal and interest.
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APR - Annual Percentage Rate


Annual percentage rate, a measure of the cost of credit that must be reported by lenders under the Truth in Lending regulations. APR takes into account the interest rate in advance fees paid by the bo [..]
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ASSUMPTION


A mortgage that allows a new owner to take over the payments. The original borrower remains subject in the mortgage note.
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DEED


A written document by which the land is transferred from one person to another.
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DEED OF TRUST


Instrument used to secure a loan for real estate. Like a mortgage, deed of trust is generally used in the south. The main difference is in how foreclosures are handled. Foreclosures are much faster wi [..]
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