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  1. You will buy title insurance every time you buy or refinance a home and borrow money. Your savings are magnified whenever you refinance through ENTITLE DIRECT.


  2. For the first time, you can choose your own title insurance company and review important documents prior to closing, including sample documents. This will reduce your
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  4. Federal and state governments have long criticized the title insurance industry.
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ENTITLE DIRECT > Title Insurance Knowledge > Title Insurance Glossary (terms starting with B)

Title Insurance Glossary (terms starting with B)

A B C D E F G H I J L M N O P Q R S T U V W Y
Balloon Mortgage
A mortgage that does not fully amortize over the term of the note, thus leaving a balance due at maturity. For example, a loan may be amortized as if it would be paid over a 30-year period, but requires that at the end of the fifth year the entire remaining balance must be paid.
Balloon Payment
The final lump sum payment that is due at the termination of a balloon mortgage.
Bargain and Sale Deed
A deed in which the transferor of title conveys the property without guarantee of title or covenants.
Bi-weekly Mortgage
A mortgage in which you make one-half of a mortgage payment every two weeks which results in a total of 13 full mortgage payments during the course of the year. The extra payment leads to accelerated amortization of your mortgage.
Bridge Loan
In residential real estate transactions, a bridge loan is often defined as a short-term loan secured by the equity in your current home. The proceeds of the loan are used to purchase a new home, and the bridge loan will be paid off when your current home is sold.
Broom Clean
A term that is used to describe the condition that a Seller is supposed to leave the property at the time of conveyance to the purchaser. Generally, is interpreted to mean that the premises should be free from debris.
Buyer's Broker
A real estate broker who exclusively represents the buyer's interests in a transaction and whose commission is paid by the buyer rather than the seller.