- hazard insurance
- Insurance protecting against loss to real estate caused by fire,
some natural causes, vandalism, etc., depending upon the terms of the
- holdover tenancy
- A tenancy whereby a lessee retains possession of leased property
after the lease has expired and the landlord, by continuing to accept
rent, agrees to the tenant's continued occupancy as defined by state
- home equity loan
- A loan (sometimes called a line of credit) under which a
property owner uses his or her residence as collateral and can then
draw funds up to a prearranged amount against the property.
- homeowner's insurance policy
- A standardized package insurance policy that covers a residential
real estate owner against financial loss from fire, theft, public
liability, and other common risks.
- Land that is owned and occupied as the family home. In many
states a portion of the area or value of this land is protected or
exempt from judgments for debts.
- housing ratio
- The ratio of the monthly housing payment in total (PITI - Principal,
Interest, Taxes, and Insurance) divided by the gross monthly
income. This ratio is sometimes referred to as the top ratio or
front end ratio.
- The U.S. Department of Housing and Urban Development.
- To pledge property as security for an obligation or loan without
giving up possession of it.