Real Estate Glossary
There are 91 entries in this glossary.
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| Term |
Definition |
| Amenity |
A feature of the home or property that serves as a benefit to the buyer but that is not necessary to its use; may be natural (such as location, woods, water) or man-made (such as a swimming pool or garden).
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| Amortization |
Repayment of a mortgage loan through monthly installments of principal and interest; the monthly payment amount is based on a schedule that will allow you to own your home at the end of a specific time period (for example, 15 or 30 years) Annual Percentage Rate (APR) calculated by using a standard formula, the APR shows the cost of a loan; expressed as a yearly interest rate, it includes the interest, points, mortgage insurance, and other fees associated with the loan.
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| Appraisal |
A document that gives an estimate of a property's fair market value; an appraisal is generally required by a lender before loan approval to ensure that the mortgage loan amount is not more than the value of the property.
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| Appraiser |
A qualified individual who uses his or her experience and knowledge to prepare the appraisal estimate.
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| ARM |
Adjustable Rate Mortgage; a mortgage loan subject to changes in interest rates; when rates change, ARM monthly payments increase or decrease at intervals determined by the lender; the change in monthly payment amount, however, is usually subject to a Cap.
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Dining Reviews
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Arizona Pizza Company, 3 stars
The Glendale location of the Arizona Pizza Company is the back-East chain's first foray into its namesake state. It's basically an expansive sports bar, complete with servers dressed like referees and more than two dozen televisions tuned in to all kinds of sports events. But the menu is far more than just wings and burgers.
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Pho Ao Sen, 3.5 stars
This upscale Vietnamese restaurant, one of the prettiest in town, offers pho and other Vietnamese classics, as well as a handful of unique and utterly delicious specialties.
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Pollo Campero, 3 stars
Guatemalan-based Pollo Campero offers fried and grilled chicken. Grilled chicken is a thing of beauty: skin on, a little charred in spots, served with wedges of lime. The chicken burrito is a chubby roll of tortilla wrapped around bits of chicken, cheese, peas, chopped carrots, beans and rice.
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Shimogamo Japanese Restaurant, 4 stars
Traditional yet contemporary Shimogamo offers sushi and traditional Japanese dishes alongside modern Japanese specialties, including BBQ beef tongue, panko-breaded fried oysters with tonkatsu sauce and miso-marinated black cod. Don't miss inspired sushi rolls, such as the Shimogamo and the tsunami.
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Phoenicia Mediterranean Grill, 3 stars
More streamlined and modern-looking than its original Tempe location, this small Gilbert outpost for Middle Eastern food offers all the basics - hummus, tabouleh, falafel, gyros, lamb and baklava - at reasonable prices. For a real bargain, check out the all-you-can-eat lunch buffet ($8.99 per person), offered Fridays-Sundays.
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