FIND THE DEFINITION FOR ANY REAL ESTATE TERM

Click on the letters above for terms beginning with that letter, and then click on the term below.

Don’t see a term here? Feel free to ask us. (Unfortunately, however, we cannot give you real estate or legal advice.)

OFFER – A promise by one party to act in a certain manner if another party agrees to the terms offered. Becomes a CONTRACT when the offer has been accepted.

OPEN-END MORTGAGE – A loan, which allows the borrower to borrow additional funds on the same loan contract.