A Blanket Mortgage is a type of loan used to finance the purchase of more than one piece of real estate property. It's a single mortgage that covers multiple properties, allowing the borrower to …
Blended Mortgage
A mortgage that combines the amount owing on an existing mortgage with additional funds being advanced. The interest rate would be a combination of the rate on the old loan and the rate in effect at …
Blended Rate
Created when an old loan is refinanced and extended at an interest rate which is different from the original rate: the old debt is still payable at the old rate; the new debt is payable at the new …
Blighted Area
An area of a community where the infrastructure and buildings have been allowed to decay.A neighborhood that has deteriorated. …
Blind Nailing
Nails driven into a wall and concealed with putty. …
Blockbusting
The illegal practice of inducing homeowners to sell their properties by making representations regarding the entry of a particular race into the neighborhood. …