An alternative building process in which dirt is compacted into large structural frames to create walls. …
Ranch Style
A modern style of home popularized in the 1950s and championed by architect Frank Lloyd Wright, among others. …
Rate Cap
The maximum interest rate charge allowed on the monthly payment of an adjustable rate mortgage during an adjustment period. …
Rate Lock
A lender's commitment to a borrower to guarantee (or "lock in") a specific interest rate for a limited amount of time. …
Purchase Contract
A legal document that binds a buyer to purchase a piece of property for a set price, and also binds the seller to sell that property to the buyer. …
Purchase-Money Mortgage (PMM)
A mortgage obtained by a borrower as partial payment for a property. …