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REAL ESTATE TERMS - H
 

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Also see:  Commercial Real Estate Terms

HUD - 1 - Uniform Closing Statement: A closing statement or settlement sheet that outlines all closing costs on a real estate transaction or refinancing.

Hazard Insurance:
Provision of homeowners insurance covers damage by fire, wind or other disaster. It is required by all lenders before a loan is approved. See our Insurance Guides.

Home Equity Conversion Mortgage: Loans made to older owners who want to convert equity into money. Because borrowers are qualified on the basis of the value of their home, the loan is not the same as a home equity loan. Also known as reverse mortgages.
Read more in Home Equity

Home Inspection: An examination of a home's construction, condition and internal systems by an inspector or contractor prior to purchase. Read more on Home Inspections.

Home Owners Warranty: Special insurance policies that cover certain home repairs for a specified amount of time. Learn more about Home Warranty and our partner services.

HVAC: The acronym for heating, ventilating and air conditioning

Use the Search Box to find Real Estate Terms

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Also see:  Commercial Real Estate Terms

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