Real Estate Glossary

The following are some common real estate terms you may run across during the process of buying or selling your home.

Predatory Lending

Predatory lending refers to abusive mortgage practices, which threaten the financial security of homeowners and the stability of neighborhoods. Predatory mortgage lenders market their products to homeowners with home equity, people with large debts or those in need of home repairs. These lenders use high-pressure sales tactics, inflated fees or interest rates, and unaffordable repayment terms. Many homeowners become financially burdened by these loans and fall at risk of losing their homes.

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