​​ Finance Charge: A total of all costs imposed directly or indirectly by the creditor and payable either directly or indirectly by the...

​​ Federal National Mortgage Association (FNMA, Fannie Mae): A tax paying corporation created by Congress to support the secondary...

​​ Federal Housing Administration (FHA): A division of the Department of Housing and Urban Development (HUD). Its main activity is the...

​ ​Federal Home Loan Mortgage Corporation (FHLMC, Freddie Mac): A quasi-governmental agency that purchases conventional mortgages in the...

​ Fee Simple: An estate under which the owner owns a complete interest inthe property and is entitled to the unrestricted use and...

Fair Market Value: An appraisal term for the price which a property would bring in a competitive market given a willing seller and...

Exception: A provision in a title insurance binder or policy which excludes liability for a specified title defect or an outstanding lien...

​​Escrow: The process in which a disinterested third party holds money and documents for delivery to the respective parties in a...

​Equity: The value of a person’s interest in real property after all liens and charges have been deducted. ​ CALL US AT OUR 24 HOUR...

​Endorsement: A rider attached to an insurance policy to expand or limit coverage. Also spelled endorsement. ​​ CALL US AT OUR 24 HOUR...