A mortgage that provides for the costs of repairing and improving a resale home or building. …
Release Clause
A provision in a purchase contract that allows a seller to continue marketing their home and accept other offers. …
Relocation Benefits
Employer-provided benefits for new employees. These benefits can include moving costs, reimbursement for temporary housing and transportation, real estate agent assistance, and discounted loans. …
Relocation Company
A firm that administers all aspects of relocating new employees from one location to another. …
Remaining Balance
The amount of unpaid principal on a home loan. …
Remaining Term
The original loan term minus the number of payments made. …