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Terminology of mortgages and home equity loans explained
Below, we've listed some key terms and expressions related to mortgages and home equity loans. To discover their meaning, simply click on the links!
Amenity
Amortization
Annual Percentage Rate
Application
Appraisal
Appraiser
ARM
Assessor
Assumable Mortgage
Balloon Mortgage
Bankruptcy
Borrower
Bridal Registry
Building Code
Budget
Cap
Cash Reserve
Certificate of Title
Closing
Closing Costs
Commission
Condominium
Conventional Loan
Cooperative
Credit History
Credit Report
Credit Bureau Score
Debt-to-Income Ratio
Deed
Deed-in-Lieu
Default, To
Delinquency
Discount Point
Down Payment
Earnest Money
Energy Efficient Mortgage
Equity
Escrow Account
Fair Housing Act
Fair Market Value
Fannie Mae
Federal Housing Administration
Fixed-rate Mortgage
Flood Insurance
Foreclosure
Freddie Mac
Ginnie Mae
Good Faith Estimate
Homebuyer Education Learning Program
Home Inspection
Home Warranty
Homeowner's Insurance
Housing Counseling Agency
HUD
HUD1 Statement
HVAC
Index
Inflation
Interest
Interest Rate
Insurance
Judgment
Lease Purchase
Lien
Loan
Loan Fraud
Loan-to-value Ratio
Lock-in
Loss Mitigation
Margin
Mortgage
Mortgage Banker
Mortgage Broker
Mortgage Insurance
Mortgage Insurance Premium
Mortgage Modification
Offer
Origination
Origination Fee
Partial Claim
PITI
Private Mortgage Insurance
Pre-approve
Pre-foreclosure Sale
Pre-qualify
Premium
Prepayment
Principal
Real Estate Agent
REALTOR
Refinancing
Rehabilitation Mortgage
RESPA
Settlement
Special Forbearance
Subordinate
Survey
Sweat Equity
Title I
Title Insurance
Title Search
To Default
Truth-in-Lending
Underwriting
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Mortgages
Home Equity Loans
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