Property description contained in a title deed. A deed description is intended to inform a reasonable person where property is located. It can be described by metes and bounds, by reference to a lot on a filed map by monuments, or by a government survey. A street address may be used, but it is no...

Room containing a toilet and wash basin, but does not include a shower or bath tub....

The maximum allowable increase in the interest rate on an ARM each time the rate is adjusted. It is usually one or two percentage points....

A very large increase in the payment on an ARM that may surprise the borrower. The term is also used to refer to a large difference between the rent being paid by a first-time home buyer and the monthly housing expense on the purchased home....