A metal rod inserted into a water heater to extend the life of the tank. …
Sale-Leaseback
A real estate transaction in which the buyer leases back the property to the seller for a specific period of time. Also called seller rent-back. …
Reverse Mortgage
A special type of loan available to equity-rich, older owners. Repayment is not necessary until the borrower sells the property. …
Ridge Board
A horizontal board that serves as the apex of the roof structure. …
Renter’s Insurance
A policy for renters that covers the replacement value of possessions. …
Repayment Plan
When a borrower falls behind in mortgage payments, many lenders will negotiate a repayment plan rather than go to court. …