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GLOSSARY

 GLOSSARY TERMS by Alpha
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Debt
Debt Service Reserve
Debt-to-Income Ratio
Deed
Deed of trust
Deed-in-lieu
Default
Deferment
Deferred interest
Delinquency
Department of Veterans Affairs (VA)
Depreciation
Direct Loan Servicing Center
Disbursement
Discharge
Disclosure statement
Discount point
Discount Point
Down payment
Due Diligence
Due-on-sale clause

Default

The failure to meet the legal obligations in a contract; in real estate, failure to pay mortgage payments as scheduled or to comply with other stipulations of the mortgage

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