This is the fee paid to a mortgage broker based on selling an interest rate above the wholesale par rate that the borrower qualifies for. The higher the interest rate above par, the higher the fee …
Yield Rate
Also known as the "cap rate," the yield rate is the net income from a property investment, expressed as a percentage of the property's market value. …
Yearly Renewable Term Insurance
This is a term used to describe insurance policies that are renewed annually. These policies can often be renewed each year without a physical examination. …
Yard
In real estate terms, a yard is an open space on a lot that is in addition to the area occupied by the building structure. …
Yield
This is the annual return on an investment, expressed as a percentage of the investment. …
Zoning Classification
The specified category within a zoning ordinance to which a certain property has been assigned (e.g. residential, commercial, industrial, etc.). …