| Term | Definition |
|---|
| capitalization rate | The rate of expected return on investment property. A ratio of income to value. |
| cash Out | Receiving money back when refinancing your present mortgage. |
| CC&R | See covenants, conditions & restrictions. |
| CCCS | See Consumer Credit Counseling Service. |
| ceiling | The maximum allowable interest rate over the life of the loan of an adjustable rate mortgage. |
| census | An official count of the number of people living in a certain area, such as a district, city, county, state, or nation. The United States Constitution requires the federal government to perform a national census every ten years. The census includes information about the respondents' sex, age, family, and social and economic status. |
| Certificate of Eligibility | The document given to qualified veterans which entitles them to VA guaranteed loans for homes, business, and mobile homes. Certificates of eligibility may be obtained by sending DD-214 (Separation Paper) to the local VA office with VA form 1880 (request for Certificate of Eligibility). |
| chain of title | A history of conveyances and encumbrances of a property from some starting point, whereby the present owner derives title. |
| channeling | The illegal practice of directing people to, or away from, certain areas or neighborhoods because of minority status; Steering. See Fair Housing. |
| chattel | See personal property. |
