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Search Term(s):      


Results for  the letter M - Records (1 - 10) of 44

TermDefinition
 
Main water shut-off valve  The primary valve that halts the flow of water from the water meter into a home.

Maintenance fee  The monthly assessment members of a homeowners association pay for the repair and maintenance of common areas.

Managed-competition lots  Lots in which buyers choose between one of several builders.

Mansard roof  A roof with four sides that slope upward from the roof edge to the square peak.

Mantel  The facing of stone, marble or other material around a fireplace.

Manufactured housing  Prefabricated homes that can range from simple trailers to larger dwellings.

Margin  The lender's "retail markup" on the mortgage. For example, if the index rate for an adjustable rate mortgage is 5 percent but the lender has a 2.5 percentage-point margin, the rate the borrower will pay is 7.5 percent.

Market conditions  Factors affecting the sale and purchase of homes at a particular point in time.

Market value  The price that a piece of property sells for at a particular point in time.

Masonry  The brick or stone work on a building.
 
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