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Glossary of Terms > A > Assessment

Assessment

What the town or county determines your property is worth in the current housing market. This, of course, is critical to many families as it is what determines the tax rates people pay on what they own.

A Terms

A-Credit

Acceleration Clause

Accrued Interest

Adjustable-Rate Mortgage

Affordable Housing

Agreement of Sale

Alt-A

Alt-A Mortgage

Amortization

Amortization Schedule

Application

Appraisal

Appraiser

Appreciation

APR

Asking Price

Assessment

Assumable Mortgage

Assumption