Mortgage Glossary
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A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
A Abstract of Title Acceleration Clause Accretion Agreement of Sale Adjustable Rate Mortgage (ARM) American Dream Downpayment Initiative Amortization Annual percentage rate (A.P.R.) Appraisal Assessment Assumption B Back End Points Balloon (payment) mortgage Blanket Mortgage Bi-weekly Mortgage Borrower Bridge Loan Broker Buy-down C Cash Flow Caps (interest) Caps (payment) Certificate of Eligibility Certificate of Occupancy Certificate of Reasonable Value (CRV) Certificate of veteran status Closing Closing Costs Commitment Construction loan Contract sale or deed Conventional loan Credit Report Credit Score D Debt-to-Income Ratio Deed Deed of Trust Default Deferred interest Delinquency Depreciation Discount Point Down Payment E Earnest Money Equal Credit Opportunity Act (ECOA) Equity Escrow F Fannie Mae, FNMA FHA, Federal Housing Administration FHA Loan FHA Mortgage Insurance First Mortgage Fixed Rate Mortgage Flood Insurance Foreclosure Freddie Mac, FHLMC FSBO G Ginnie Mae Good Faith Estimate (GFE) Graduated Payment Mortgage (GPM) Guaranty H Hazard Insurance Homeowner's Insurance Home Equity Home Equity Loan Homestead Homestad Exemption Housing Expense-to-Income Ratio HUD HUD1 I Impound Index Income Property Improvements Interim Financing Investment Property J Joint Tenancy Jumbo Loan L Lien Loan-to-Value Ratio Land Contract Lease With Option To-Purchase (Lease-To-Purchase) Loan Application Loan Origination Fees M Margin Market Value MIP (Mortgage Insurance Premium) Mortgage Baked Securities (MBS) Mortgage Banker Mortgage Broker Mortgage Insurance (PMI) Mortage Lender Mortgage Note N Negative Amortization Non Conforming Mortgage O Origination Fee Owner Occupied Property P PITI Points Prepayment Prepayment Penalty Primary Mortgage Market Prime Rate Private Mortgage Insurance (PMI) R Realtor Real Estate Investment Trusts (REIT) Real Estate Settlement Procedure Act (RESPA) Recision Recording Fees Refinance Regulation Z (Reg Z) Reverse Mortgage S Second Home Second Mortgage Secondary Mortgage Market Section 8 Housing Section 8 Homeownership Program - American Dream Commitment Settlement Costs Settlement Statement Shared Appreciation Mortgage (SAM) Sheriff's Sale Standard Uniform Loan Application (Form 1003) Survey T Tax Sale Title Title Insurance Truth-In-Lending V VA Loan Vacation Home Variable Rate Mortgage (VRM) Verification of Deposit (VOD) Verification of Employment (VOE) W Warehouse Fee Wraparound mortgage
A
Abstract of Title Acceleration Clause Accretion Agreement of Sale Adjustable Rate Mortgage (ARM) American Dream Downpayment Initiative Amortization Annual percentage rate (A.P.R.) Appraisal Assessment Assumption
B
Back End Points Balloon (payment) mortgage Blanket Mortgage Bi-weekly Mortgage Borrower Bridge Loan Broker Buy-down
C
Cash Flow Caps (interest) Caps (payment) Certificate of Eligibility Certificate of Occupancy Certificate of Reasonable Value (CRV) Certificate of veteran status Closing Closing Costs Commitment Construction loan Contract sale or deed Conventional loan Credit Report Credit Score
D
Debt-to-Income Ratio Deed Deed of Trust Default Deferred interest Delinquency Depreciation Discount Point Down Payment E
Earnest Money Equal Credit Opportunity Act (ECOA) Equity Escrow
F
Fannie Mae, FNMA FHA, Federal Housing Administration FHA Loan FHA Mortgage Insurance First Mortgage Fixed Rate Mortgage Flood Insurance Foreclosure Freddie Mac, FHLMC FSBO
G
Ginnie Mae Good Faith Estimate (GFE) Graduated Payment Mortgage (GPM) Guaranty H
Hazard Insurance Homeowner's Insurance Home Equity Home Equity Loan Homestead Homestad Exemption Housing Expense-to-Income Ratio HUD HUD1
I
Impound Index Income Property Improvements Interim Financing Investment Property
J
Joint Tenancy Jumbo Loan L
Lien Loan-to-Value Ratio Land Contract Lease With Option To-Purchase (Lease-To-Purchase) Loan Application Loan Origination Fees
M
Margin Market Value MIP (Mortgage Insurance Premium) Mortgage Baked Securities (MBS) Mortgage Banker Mortgage Broker Mortgage Insurance (PMI) Mortage Lender Mortgage Note
N
Negative Amortization Non Conforming Mortgage
O
Origination Fee Owner Occupied Property
P
PITI Points Prepayment Prepayment Penalty Primary Mortgage Market Prime Rate Private Mortgage Insurance (PMI)
R Realtor Real Estate Investment Trusts (REIT) Real Estate Settlement Procedure Act (RESPA) Recision Recording Fees Refinance Regulation Z (Reg Z) Reverse Mortgage S Second Home Second Mortgage Secondary Mortgage Market Section 8 Housing Section 8 Homeownership Program - American Dream Commitment Settlement Costs Settlement Statement Shared Appreciation Mortgage (SAM) Sheriff's Sale Standard Uniform Loan Application (Form 1003) Survey T
Tax Sale Title Title Insurance Truth-In-Lending V
VA Loan Vacation Home Variable Rate Mortgage (VRM) Verification of Deposit (VOD) Verification of Employment (VOE)
W
Warehouse Fee Wraparound mortgage
