MORTGAGE TERMS
- Adjustable-rate mortgage (ARM)
- Adjustment date
- Amortization
- Amortization shedule
- Annual percentage rate (APR)
- Application
- Appraisal
- Appraised value
- Assumable mortgage
- Ballon mortgage
- Ballon payment
- Bankruptcy
- Biweekly mortgage
- Bridge loan
- Cash-out refinance
- Closing
- Closing costs
- Co-borrower
- Collateral
- construction loan
- Conventional mortgage
- convertible ARM
- Credit history
- Credit report
- Deposit
- Discount points
- Down payment
- Earnest money deposit
- Equity
- Escrow
- Escrow account
- Fannie Mae (FNMA)
- Federal Housing Administration (FHA)
- FHA mortgage
- First mortgage
- Fix-rate mortgage
- Hazzard insurance
- Home equity line of credit
- Homeowner's insurance
- HUD-1 settlement statement
- Lender
- Lien
- Line of credit
- Loan
- Loan officer
- Loan origination
- Loan servicing
- loan-to-value (LTV)
- Lock-in
- Lock-in period
- Mortgage
- Mortgage banker
- Mortgage broker
- Mortgage Insurance (MI)
- Mortgage insurance premium (MIP)
- Mortgagee
- Mortgagor
- Note
- Origination fee
- Owner financing
- PITI
- PITI reserves
- Point
- Pre-approval
- Pre-qualification
- Prime Rate
- Principal
- Principal balance
- Principal, Interest, taxes and insurance (PITI)
- Private mortgage insurance
- Promissory Note
- Qualifying ratios
- Rate lock
- Real Estate Settlement Procedures Act (RESPA)
- right of first refusal
- Second loan
- second mortgage
- Secured loan
- settlement statement
- Title insurance
- Transfer tax
- Treasury index
- Truth-in-Lending
- VA mortgage
- Veterans Administration (VA)