Mortgage and Real Estate Glossary

Real Estate Definitions and Terms: Z

Offers a Mortgage and Real Estate glossary for real estate and mortgage terms and definitions for home buyers, home sellers, and real estate consumers. Find expanded definitions of important real estate and mortgage home loan terms.

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Definitions and Terms: Z

Zero Percent Financing - A loan with no interest in the contract. The IRS imputes 10 percent for both borrower and lender.

Zoning - The right of a community, under its police power, to dictate the use of property within its boundaries.

Zoning Ordinances - Local law establishing building codes and usage regulations for properties in a specified area.

Zoning Variance - A zoning variance permits a change in the specifications required by the zoning ordinance.

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