- Fire BrickBrick made of refractory ceramic material which will resist high temperatures. Used in a fireplace and boiler. Read More
- Fire-ResistiveOr "Fire Rated". Applies to materials that are not combustible in the temperatures of ordinary fires and will withstand such fires for at least(...) Read More
- Fire Retardant ChemicalA chemical or preparation of chemicals used to reduce the flammability of a material or to retard the spread of flame. Read More
- Fire StopA solid, tight closure of a concealed space, placed to prevent the spread of fire and smoke through such a space. In a frame wall, this will(...) Read More
- Fire-StopShort horizontal members sometimes nailed between studs, usually about halfway up a wall. Read More
- Fireplace Chase Flashing PanA large sheet of metal that is installed around and perpendicular to the fireplace flue pipe. It's purpose is to confine and limit the spread of(...) Read More
- First MortgageA mortgage having priority as a lien over any other mortgage or lien on the same property. Read More
- First-Time Home BuyerA person with no ownership interest in a principal residence during the three-year period preceding the purchase of the security property.(...) Read More
- Fish TapeA long strip of spring steel used for fishing cables and for pulling wires through conduit. Read More
- FishplateOr "Gusset". A wood or plywood piece used to fasten the ends of two members together at a butt joint with nails or bolts. Sometimes used at the(...) Read More
- FittingAny pipe connector other than a valve. Read More
- FittingsThose parts of a property affixed to structures or land, usually in such a manner that they cannot be independently moved without damage to(...) Read More
- Fix and FlipThe strategy of purchasing a property in need of repairs, renovating it, then selling it at a profit. Fix and Flip loans, also known as rehab(...) Read More
- Fix & Flip LoanA mortgage loan made to cover the costs of repairing, improving, and sometimes acquiring an existing property. Read More
- Fixed ExpenseAn expense item that’s independent of the rental income, yet still part of the property’s operating budget (e.g., Regardless of whether you have(...) Read More
- Fixed FeeFixed costs don't change, no matter the quantity of goods or services produced. These costs are agreed upon with your contractor. Read More
- Fixed-Period Adjustable-Rate MortgageAn adjustable-ate mortgage (ARM) that offers a fixed rate for an initial period, typically three to ten years, and then adjusts every six(...) Read More
- Fixed Price ContractA type of contract that holds a set, agreed-upon price for the work. Read More
- Fixed RateAn interest rate that is fixed for the term of the loan. Read More
- FixturesThose parts of a property affixed to structures or land, usually in such a manner that they cannot be independently moved without damage to(...) Read More
- FlagstoneFlat stones used for walks, steps, floors, and vertical veneer (in lieu of brick). Read More
- FlakeboardA manufactured wood panel made out of 1" - 2" wood chips and glue. Often used as a substitute for plywood in the exterior wall and roof sheathing. Read More
- Flame Retention BurnerAn oil burner, designed to hold the flame near the nozzle surface. Generally the most efficient type for residential use. Read More
- FlangeThe part of a window that surrounds the frame; for mounting in place and installation. Read More
- FlashingPieces of sheet metal used on roofs to cover joints, such as where the roof meets the wall, or around a chimney or skylight, to protect them and(...) Read More
- FlatA type of paint finish. Paint with a flat finish has virtually no gloss or shine; it is known to be less durable than paint with a higher gloss. Read More
- Flat FeeA monthly or yearly property management fee in a dollar amount. Read More
- Flat MoldThin wood strips installed over the butt seam of cabinet skins. Read More
- Flat PaintAn interior paint that contains a high proportion of pigment and dries to a flat or lusterless finish. Read More
- FlatworkCommon word for concrete floors, driveways, basements, and sidewalks. Read More
- Flip CompA Flip Comp provides insights into properties being bought and resold in a short period of time. The properties are often bought for a low(...) Read More
- FlipperAn investor who purchases real estate at a discount price and improves the property in order to sell it at a higher price. Read More
- FlippingThe process of buying a property, fixing it up or renovating it to increase its market value, and selling it for a profit. Read More
- FloatPrior to securing, or €˜locking’ an interest rate, the interest rate will continue to change, or float, due to market fluctuations. Locking or(...) Read More
- FloatingThe next-to-last stage in concrete work, when you smooth off the job and bring water to the surface by using a hand float or bull float. Read More
- Floating Rate MortgageSee Adjustable Rate Mortgage. Read More
- Floating WallA non-bearing wall built on a concrete floor. It is constructed so that the bottom two horizontal plates can compress or pull apart if the(...) Read More
- Flood CertificationAn independent agency report required by the lender to determine whether a property is located in a flood hazard zone, which would then require(...) Read More
- Flood Certification FeeA fee charged by independent mapping firms to identify properties located in areas designated as flood zones. Read More
- Flood InsuranceInsurance that compensates for physical property damage resulting from flooding. It is required for properties located in federally designated(...) Read More