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Terminology
Here Are Some Helpful Terms Used Throughout The Real Estate,
Mortgage, and Title Processes.
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X -
Y -
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Joint Tenancy |
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Joint tenancy is one of the methods available for two or more people to hold title to real estate or personal property. It includes a right of survivorship, meaning that on the death of one joint tenant, his/her interests transfer to the remaining joint tenants. |
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Jumbo Loan |
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A loan that exceeds the conforming loan limits established by Fannie Mae or Freddie Mac. It has interest rates a little higher than conforming loan. |
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