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Real Estate Glossary

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maturity
The date a loan is due.

modification
A change that a lender makes in the terms of your mortgage that does not require you to refinance the loan.

mortgage
A legal document that pledges a property as security for payment of a debt.

multidwelling unit
A property that provides housing units for multiple families, on which there is a single mortgage.

Froyam Edel (PB) Broker / Island Specialist
Whale Song Realty, Inc. P.O. Box 1031 Hana, Maui, HI 96713	Office: (808) 248-7570 Fax: (808) 248-7540 Email: whalesongrealty@aol.com