South Central Wisconsin Multiple Listing Service

Glossary of Terms

A B C D E F H I J L M N O P Q R S T U V W

  • Rate Guarantee

    A guarantee, at the lender's option, that the rate in effect on the date the application is submitted, or at the time of final approval, will be the final rate on the loan when funded. This guarantee usually expires after a specified period of time.

  • Refinance

    Negotiation of a new loan in order to pay off an existing loan. Homes are usually refinanced in order to (a) take advantage of lower interest rates; (b) switch from one loan type to another (e.g. from adjustable to fixed), or (c) to generate cash from built-up equity. Since refinancing generally involves new loan costs, the costs must be weighed against the benefits to be gained.



  • REALTOR

    A designation given to a real estate licensee who is a member of a board associated with the National Association of REALTORS .

A B C D E F H I J L M N O P Q R S T U V W

The South Central Wisconsin MLS serves Dane, Sauk , Columbia, Rock, Dodge, Iowa, Green, Lafayette, Grant, and Richland Counties, as well as portions of Jefferson, Crawford, Vernon, Juneau, Monroe, Adams, Marquette, Green Lake, and Waushara Counties.

This website is updated once daily and contains just a portion of the data available for each listing. For complete up-to-the-minute information or to perform more detailed searches, contact your local REALTOR®.

REALTOR® is a registered trademark which identifies a professional in real estate who subscribes to a strict Code of Ethics as a member of the NATIONAL ASSOCIATION OF REALTORS®

Buyer to verify this information as provided by seller, listing broker & other parties. Equal Housing Opportunity listing.