HouseStats
Glossary

Real estate terms, defined simply.

Don't let jargon get in the way of understanding your home's value.

A

Appraisal

An unbiased professional opinion of a home's value.

Appreciation

The increase in the value of a property over time.

E

Equity

The difference between the market value of your home and the amount you owe on your mortgage.

Escrow

A legal arrangement where a third party holds money or property until a particular condition has been met.

L

Lien

A legal right or claim against a property by a creditor.

P

Principal

The amount of money borrowed in a loan, separate from interest.