Mortgage Glossary

 Acceleration
 Adjustable rate mortgage (ARM)
 Adjustment interval
 Amortization
 Annual percentage rate (A.P.R.)
 Appraisal
 Assessment
 Assumption
 Balloon (payment) mortgage
 Borrower (Mortgagor)
 Broker
 Buy-down
 Cash Flow
 Caps (interest)
 Caps (payment)
 Closing
 Commitment
 Construction loan
 Contract sale or deed:
 Conventional loan
 Credit Report
 Debt-to-Income Ratio
 Deed of trust
 Default
 Delinquency
 Discount Point
 Down Payment
 Due-on-Sale-Clause
 Earnest Money
 Equal Credit Opportunity Act (ECOA)
 Equity
 Escrow
 Fannie Mae
 Farmers Home Administration (FmHA)
 Federal Home Loan Bank Board (FHLBB)
 Federal Home Loan Mortgage Corporation(FHLMC)      also called "Freddie Mac"
 Federal Housing Administration (FHA)
 Federal National Mortgage Association (FNMA) also      know as "Fannie Mae"
 FHA loan
 FHA mortgage insurance
 FHLMC
 Firm Commitment
 Fixed Rate Mortgage
 FNMA
 Foreclosure
 Freddie Mac
 Ginnie Mae
 Government National Mortgage Association (GNMA)
 Guaranty
 Hazard Insurance
 Housing Expenses-to-Income Ratio
 Index
 Interim Financing
 Investor
 Jumbo Loan
 Lien
 Loan-to-Value Ratio
 Margin
 Market Value
 MIP (Mortgage Insurance Premium)
 Mortgage Insurance
 Mortgagee
 Mortgagor
 Negative Amortization
 Net Effective Income
 Non Assumption Clause
 Office of Thrift Supervision (OTS)
 Origination Fee
 PITI
 Points (loan discount points)
 Power of Attorney
 Prepaid Expenses
 Prepayment
 Prepayment Penalty
 Primary Mortgage Market
 Principal
 Private Mortgage Insurance (PMI)
 Realtor
 Recision
 Recording Fees
 Refinance
 RESPA
 Second Mortgage
 Secondary Mortgage Market
 Servicing
 Settlement/Settlement Costs
 Shared Appreciation Mortgage (SAM)
 Simple Interest
 Survey
 Sweat Equity
 Title
 Title Insurance
 Title Search
 Truth-In-Lending
 Two-Step Mortgage
 Underwriting
 USURY
 VA Loan
 Variable Rate Mortgage (VRM)
 Verification of Deposit (VOD)
 Verification of Employment (VOE)
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