Real Estate Glossary
There are 91 entries in this glossary.
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D
| Term |
Definition |
| Debt-to-Income Ratio |
A comparison of gross income to housing and non-housing expenses. With the FHA, the-monthly mortgage payment should be no more than 29% of monthly gross income (before taxes) and the mortgage payment combined with non-housing debts should not exceed 41% of income.
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| Deed |
he document that transfers ownership of a property.
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| Deed-in-Lieu |
To avoid foreclosure ("in lieu" of foreclosure), a deed is given to the lender to fulfill the obligation to repay the debt; this process doesn't allow the borrower to remain in the house but helps avoid the costs, time, and effort associated with foreclosure.
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| Delinquency |
Failure of a borrower to make timely mortgage payments under a loan agreement.
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| Discount Point |
Normally paid at closing and generally calculated to be equivalent to 1% of the total loan amount, discount points are paid to reduce the interest rate on a loan.
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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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