Basic Terms Used for Real Estate & Mortgages
Real estate & loans may involve other terms. In the event you don't understand some of these terms, ask for help from your real estate agent, lender or attorney.
Waiver
The voluntary surrender of responsibility or privilege.
Warranty Deed
A deed to property containing a warranty of a clear marketable title.
Wraparound Mortgage
The addition of a new loan to the already existing loan.