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Agreement of sale
A document the buyer initiates and the seller approves that details the price and terms of the transaction.
Amortization
The process of paying the principal and interest on a loan through regularly scheduled installments.
Amortization tables
Mathematical tables that lenders use to calculate a borrower's monthly payment.
Annual Percentage Rate (APR)
The cost of the loan expressed as a yearly rate on the balance of the loan.
Annuity
The payment of a fixed sum to an investor at regular intervals.
Appraisal
An opinion of the value of a property at a given point in time.
Appreciation
An increase in the value of a home or other property.