Rates as Low as 3.9%
Lowest closing cost Guaranteed
60 Seconds
Approval
- A -
Acceleration clause
Acceptable debt
Acceptance
Acre
Adjustable rate mortgage (ARM)
Adjusted cost basis
Adjusted gross income
Adjustment date
Adjustment period
Amortization
Amortization schedule
Amortization term
Annual Percentage Rate (APR)
Application
Appraisal/Appraiser
Appreciation
Assessed value
Assessment
Asset
Assumable mortgage
Assumption
Assumption clause
Assumption fee
-
B -
Back end ratio
Balloon mortgage
Balloon note
Balloon payment
Bankruptcy
Before-tax income
Blanket insurance policy
Blanket mortgage
Bond
Breach of contract
Bridge loan
Building code
Buydown
- C -
Cap
Capital
Capital improvement
Cash-out refinance
Cash reserves
Closing costs
Closing date
Closing statement
Cloud on title
Collateral
Collection
Comparable sale (Comp)
Compensating factors
Condemnation
Condominium (Condo)
Conforming loan
Construction loan
Consumer credit bureau
Contingency
Conventional mortgage
Convertible ARM
Cooperative (Co-op)
Covenants, conditions and restrictions (CC&Rs)
Credit score
- D -
Date of last delinquency
Debt
Deed
Deed of trust
Default
Deficiency judgment
Delayed adjustable rate mortgage
Delinquency
Deposit
Deposit receipt
Discount point
Disposable income
Down payment
Due-on-sale clause
- E -
Earnest money
Easement
Effective age
Eminent domain
Encroachment
Encumbrance
Equity
Escrow
Escrow account
Escrow agent/officer
Estate
Executor
- F -
Fair market value
Federal Home Loan Mortgage Corporation (Freddie Mac)
Federal Housing Administration (FHA)
Federal National Mortgage Association (Fannie Mae)
Fee simple
FHA mortgage
Fixed rate mortgage
Fixture
Foreclosure
Front ratio
Full disclosure
Functional obsolescence
- G -
Gift
Gift deed
Good Faith Estimate
Government mortgage
Grant deed
Grantee
Grantor
Guarantee mortgage
- H -
Hazard insurance
Home equity line of credit
Home equity loan
Home inspection
Home Owners' Association
Home Owners' Association dues
Home owner's insurance
HUD-1
- I -
Impound account
Income property
Index
Inflation
Initial interest rate
Installment
Insurance
Interest/Interest rate
Interest rate cap
Introductory rate
Investment property
- J -
Joint tenancy
Judgment
Judgment lien
Judicial foreclosure
Jumbo loan
- K -
- L -
Lease
Leasehold estate
Liability
Lien
Lifetime rate cap
Liquid asset
Loan
Loan origination fee
Loan processor
Loan-to-value ratio (LTV)
Lock-in rate
Lock period
- M -
Margin
Maturity
Mechanic's lien
Mortgage
Mortgage banker
Mortgage broker
Mortgagee
Mortgage insurance (MI)
Mortgage Insurance Premium (MIP)
Mortgage life insurance
Mortgagor
Mutual Mortgage Insurance (MMI)
- N -
Negative amortization
Net rental income
Non-conforming loans
Non-institutional lender
Non-liquid asset
Note
- O -
Origination fee
- P -
Payment cap
Permanent loan
Personal property
Piggy back loan
Planned Unit Development (PUD)
Point
Police Power
Portfolio loan
Preapproval
Preliminary title report
Premium
Prepaid items
Prepayment
Prepayment penalty
Prequalification
Principal
Principal balance
Principal, interest, taxes and insurance (PITI)
Private lender
Promissory note
Public auction
- Q -
Qualifying ratios
Quitclaim deed
- R -
Rate lock
Real property
Rebate point
Record
Refinance
Remaining balance
Remaining term
Rent
Residential loan application form (1003)
Reverse mortgage
Revolving credit
- S -
Sale-leaseback
Sales comparable
Seasonal income
Second mortgage
Secondary market
Security
Servicing a loan
Settlement
Settlement statement
Super jumbo loan
- T -
Take-out loan
Teaser rate
Tenancy in common
Title
Title insurance
Title (insurance) company
Title report
Title search
Trailing spouse income
Transfer of ownership
Transfer tax
Trustee's sale
- U -
Underwriting
Unsecured loan
- V -
VA loan
Value
Verification of deposit (VOD)
- W -
- XYZ -
Zoning ordinance
