by Ethan Atkinson | Feb 6, 2026 | K-O, PropertyPedia, Real Estate
In real estate, a lot is a defined portion or parcel of real property, typically identified by legal description and boundaries. The term most often refers to a specific parcel within a recorded subdivision, as shown on a subdivision map or plat. A lot is generally...
by Ethan Atkinson | Feb 6, 2026 | K-O, PropertyPedia, Real Estate
In real estate, a long-term lease is a general classification for a lease agreement with an extended duration, typically lasting ten years or more. In some markets or jurisdictions, leases of five years or longer may also be considered long term due to their economic...
by Ethan Atkinson | Feb 6, 2026 | K-O, PropertyPedia, Real Estate
In real estate, long term financing refers to a mortgage or deed of trust with a repayment term of ten years or more. It is typically used to fund the purchase or refinancing of completed properties and is distinguished from shorter term financing arrangements. Unlike...
by Ethan Atkinson | Feb 6, 2026 | K-O, PropertyPedia, Real Estate
Lock-In In real estate finance, a lock-in is a provision in a mortgage or deed of trust that restricts or prohibits the borrower from repaying or refinancing the loan for a specified period of time. During this lock-in period, the borrower is effectively required to...
by Ethan Atkinson | Feb 6, 2026 | K-O, PropertyPedia, Real Estate
Loan-to-Value Ratio In real estate finance, the loan-to-value ratio, often abbreviated as LTV, is a measure used by lenders to compare the amount of a proposed loan to the value or selling price of a property. It is expressed as a percentage and helps indicate the...
by Ethan Atkinson | Feb 6, 2026 | K-O, PropertyPedia, Real Estate
Loan PackageIn real estate finance, a loan package is the complete set of documents and supporting materials submitted to a lender for the purpose of evaluating a proposed loan. It provides the information a lender needs to assess the borrower’s creditworthiness,...
