Glossary

This glossary has the following features: over 200 terms that cover all areas of mortgage real estate.

The definitions are clear, comprehensive, both the layman and seasoned professional can effectively utilize this glossary to accomplish his or her purpose.

• ARM, Adjustable Rate Mortgage, Amortization, APR

• Balloon Mortgage Payment, Bankruptcy, Broker Fee

• Capital Gain Tax, Cash Out Refinance

• Debt-To-Income Ratio, DTI, Deed

• Earnest Money, Equity Line Of Credit

• Fannie Mae, FmHA, FHA, FICO Scores

• Good Faith Estimate, GNMA, Gross Income

• Hazard Insurance, Home Loan, homeowners Association

• Income property, Interest Rate, Installment, Investment

• Jumbo Loan, Junk Fees, Judicial Foreclosure

• Mortgage terms to help understand

• Lender Fee, Loan Application, Lock-In

• Monthly Payment, Mortgage, Multi Dwelling Units

• Negative Amortization, Net Worth, Note Rate

• Offer to Purchase, Origination Fee

• Property Taxes, Purchase, Prime Rate

• Qualifying Ratio, Quality of Use, Quitclaim Deed

• Rate Improvement Mortgage, Real Estate, Realtor

• Second Mortgage, Seller Take-Back, Sweat Equity

• Term, Title Search, Truth-in-Lending

• Underwriter, Underwriting Fee, Unsecured Loan

• VA Mortgage, Vacant Land, Vacation Home, Vested

• Warranty Deed, Wire Transfer, Wraparound Mortgage

• Mortgage terms to assist you

• Yield, Rate of Return and other mortgage terms

• Zone, Zero Point Option