Mortgage Terms
1003
A & D LOAN
Abstract Title
Acceleration Clause
Acknowledgment
Adjustable Rate Mortgage
Adjustment Interval
Affidavit
ALTA American Land Title Association
Amortized / Amortization
Annual Membership
Annual Percentage Rate
Application
Application Fee
Appraisal
APR Annual Percentage Rate
ARM Adjustable Rate Mortgage
Assumption
Back End
Balloon Payment Mortgage
Beneficiary
BK / Bankruptcy
Broker
Buy Down
Cap
Cash Out
Ceiling
Certificate of Occupancy
Certified Copy
Clear-to-close
Closing
Closing Costs
Commitment
Community Property
Comp. / Comparable
Condominium
Conforming Loan
Construction Loan
Consumer Credit
Contract of Sale
Conventional Loan
Conversion Clause
Credit Limit
Credit Ratio
Credit Report
Credit Score
D.R. / Debt Ratio
Debt Service
Deed
Deed of Trust
Default
Deferred Interest
Delinquency
Department of Veterans Affairs
Derog
Derog Letter
Discharge
Discount Points
Dismissal
Down Payment
Due-On-Sale Clause
Earnest Money
Easements
Effective Interest Rate
Encroachment
Encumbrance
Equal Credit Opportunity Act
Equity
Escrow
Escrow Instructions
Escrow Waiver
Fannie Mae
Farmers Home Administration
Federal Home Loan Mortgage Corporation
Federal Housing Administration
Federal National Mortgage Association
Fee Simple
FHA
FHA Loan
FHA Mortgage Insurance
FHLMC (FREDDIE-MAC)
First Mortgage
Fixed-Rate Mortgage
Flood Insurance
FNMA - (FANNIE-MAE)
Foreclosure
Free and Clear
Functional Obsolescence
GFE
Ginnie Mae
Good Faith Estimate
Government National Mortgage Association (GNMA)
Grace Period
Graduated Payment Mortgage (GPM)
Grant Deed
Gross Monthly Income
Guarantee
Hazard Insurance
Home Equity Line of Credit
Home Equity Loan
Homestead
Housing Expenses-to-Income Ratio
Impound
Index
Interest Bearing
Interest Rate
Investor
Joint Tenants
Jumbo Loan
Land Contract
Leasehold Estate
Legal Description
LIBOR
Lien
Loan Committee
Loan Risk
Loan-To-Value Ratio
Lock In
Margin
Market Value
Minimum Payment
Mortgage Banker
Mortgage Broker
Mortgage Escrow Accounts
Mortgage Insurance
Mortgagee
Mortgagor
Negative Amortization
Net Effective Income
Non-Assumption Clause
Non-Owner Occupied
Notary Public
Note
Obligations
Origination Fee
Owner Occupied
Owners Policy
P & I
P & L / Profit and Loss
P.I.T.I.
P.U.D.
Piggy Back Loan
PMI Private Mortgage Insurance
Points
Power of Attorney
PRE-Approval
PRE-Qualified
Prelim. / Preliminary Title Report
Prepaid Interest
Prepaids
Prepayment
Prepayment Penalty
Principal
Private Mortgage Insurance
Purchase Agreement
Quit Claim
Rate Float
Rate Lock
Ratios
Real Estate Settlement Procedures Act (RESPA)
Realtor
Recon / Reconveyance
Recording Fees
REFI
Request for Reconveyance
Rescission
Reverse Annuity Mortgage (RAM)
S.I. / Statement of Information
Second Mortgage
Secondary Financing
Security Interest
Servicing
Settlement
Settlement Costs
Shared Appreciation Mortgage (SAM)
Submission
Subordination Agreement
Substitution of Trustee
Surety Bond
Survey
Suspended
Tenants in Common
Term Mortgage
Title
Title Insurance
Title Search
Transaction Fee
Trust Deed
Truth-in-Lending
Two-Step Mortgage
Underwriting
VA Loan
VA Mortgage Funding Fee
Variable Rate Mortgage (VRM)
Verification of Deposit (VOD)
Verification of Employment (VOE)
Wraparound
Zoning
Mortgage Resources