D
Date of Closing
Date upon which all paperwork associated with a mortgage/property sales exchange is finalized.
Date of Possession
Actual date upon which the buyer will move into a home or property; it is usually the closing date, but may be another agreed upon date as well.
Debt
Amount of money a borrower owes to creditors. A metric used to calculate creditworthiness.
Deed
An official and public document that establishes property ownership.
Deed of Trust
A document that in some states is used in place of a mortgage. A deed of trust may be held by a third party, similar to a mortgage.
Default
Inability of borrower to make regular and consecutive payments on a loan.
Depreciation
The measure of loss in value of a home or property. Depreciation could be driven by poor economic factors or property damage.
Discount Points
A measure of interest; 1 point = 1% of the home loan value. Homebuyers may pay points up front, a type of buy-down, in order to lower their overall interest rate and mortgage payment.