Real Estate Glossary

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makai
Due to the circular nature of an island, and its often windy roads, normal directions like 'north' and 'south' can sometimes be confusing. So two common terms used in Hawaii are 'mauka' and 'makai.' Mauka means toward the mountains, and makai means toward the sea.

maturity
The date a loan is due.

mauka
Due to the circular nature of an island, and its often windy roads, normal directions like 'north' and 'south' can sometimes be confusing. So two common terms used in Hawaii are 'mauka' and 'makai.' Mauka means toward the mountains, and makai means toward the sea.

modification
A change that a lender makes in the terms of your mortgage that does not require you to refinance the loan.

mortgage
A legal document that pledges a property as security for payment of a debt.

multidwelling unit
A property that provides housing units for multiple families, on which there is a single mortgage.