Mortgage and Loan Glossary (Z)

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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
A legal mechanism for local governments to regulate the use of privately owned real property by the specific application of police power. The ultimate goal of zoning is to prevent conflicting land uses and promote orderly development within a community.

zoning map
A map of the local geographic area that defines current zoning designations and land use.

Mortgage Guide

  1. Get Organized
  2. Get Pre-Qualified
  3. Shop for a Loan
  4. Apply for a Loan
  5. Close the Loan