by Ethan Atkinson | Jan 17, 2026 | A-E, PropertyPedia
An opinion of value based upon factual analysis. An appraisal is an opinion or conclusion as to the value of a property on a given date. An appraiser gives an opinion as to value. The appraiser does not set value, nor does the appraiser determine or create value....
by Ethan Atkinson | Jan 17, 2026 | A-E, PropertyPedia
The yearly interest percentage of a loan, as expressed by the actual rate of interest paid, including up-front loan fees. The interest rate on a mortgage loan, sometimes called the note rate, is the percentage the lender charges you to borrow the principal amount of...
by Ethan Atkinson | Jan 17, 2026 | A-E, PropertyPedia
The payment of debt in regular and periodic installments of principal and interest, as opposed to interest-only payments. Amortization is a planned series of payments over the life of a loan that pay back the principal and interest on the debt in regular installments....
by Ethan Atkinson | Jan 17, 2026 | A-E, PropertyPedia
(American Land Title Association) A type of title insurance policy issued by title insurance companies which expands the risks normally insured against under the standard policy to include unrecorded mechanic’s liens; unrecorded physical easements; facts a...
by Ethan Atkinson | Jan 17, 2026 | A-E, PropertyPedia
An owner’s extended coverage policy that provides buyers and owners the same protection the ALTA policy gives to lenders. ALTA stands for American Land Title Association. An ALTA policy is a type of title insurance issued by title insurance companies. This...
by Ethan Atkinson | Jan 17, 2026 | A-E, PropertyPedia
A type of acceleration clause, calling for a debt under a mortgage or deed of trust to be due in its entirety upon transfer of ownership of the secured property. For example, if a homeowner with a mortgage transfers their property to another party, the lender may...
