You've probably heard some real estate terms and are wondering what in the world they mean. Use this glossary to look them up! If you are wondering what a word or phrase means and I don't have it in the glossary, please send me an email asking!

R-value
A measure of a material's resistance to heat loss, usually applied to insulation products. The higher the R-value, the slower the rate of heat loss.

Rate Cap
The maximum interest rate charge allowed on the monthly payment of an adjustable rate mortgage during an adjustment period.

Real Estate
Land and anything permanently affixed to it, including buildings.

Recording
The filing of property-related documents into the public record.

Recording fee
A fee charged by real estate agents for conveying the sale of a piece of property into the public record.

Refinancing
The process of replacing an older mortgage with a new mortgage that has better terms.