To help you stay savvy in the world of home finance, we take a look at the letter D, in our Mortgage Glossary.
Deed
A legal document that transfers ownership of property from one to another, it includes details of the property transferred. The deed is held on public record at the deeds office.
Deed Office Registration Fee
Fee charged by the deeds office for the administration of registering a bond and the title deed
Deposit
Money the buyer has to put down in advance as a guarantee of purchase
Default
Refers to non-payment on a home loan
