HIGH RATIO MORTGAGE
A mortgage loan which exceeds 75% of the lending value of the property, and must be insured against default of payment.


HIGHEST AND BEST USE
This refers to the use of land that would most likely produce the greatest net return over a given time.


HOLD BACK
An amount of money retained by a construction lender or owner until satisfactory completion of the work performed by a contractor; a standard holdback is 10% of the cost of the building project.