Mortgage Glossary
There are a lot of unfamiliar terms that get tossed around during the mortgage process. But don't worry, we've put together this glossary to help you get a better grasp of any terms that may be less than clear.
Z
Zone
A geographic area reserved and defined by local ordinance for specific limited use. Zones are almost always subject to certain restrictions or conditions.
Zoning
The local government's specifications for the use of property in certain areas.
Zoning map
A map of the local geographic area that defines current zoning designations and land use.
Zoning Ordinances
The acts of an authorized local government establishing building codes, and setting regulations for property usage.