REALTOR: A Realtor helps you navigate a tough market and guides you in making smart, informed decisions whether you're looking to buy or sell. Only Realtors voluntarily subscribe to a Code of Ethics that is founded on professional service and fair treatment. When you're working with a Realtor, you can trust their personal and professional commitment to ensure an agreement that is equitable and fair to all parties involved.
REFINANCING: The process of securing a new mortgage deal for the remainder of the loan. If successful, the borrower will walk away with a lower interest rate.
REVERSE MORTGAGE: Real estate is often a retirement plan as much as anything else, and this is one way to cash out. A reverse mortgage is an option for seniors (62 years and older) to relinquish home equity in exchange for money.