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Glossary

Mortgage
Terminology Guide

GLOSSARY

  • 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


Amortization
Annual Percentage Rate (APR)
Appraisal

B


Break-Even Point
Broker

C


Cash-out Refinance
Closing
Closing costs
Credit Score

D


Debt-to-Income Ratio
Deed
Down Payment

E


Escrow
Equity

F


Finance Charge
Fixed Rate Mortgage
Foreclosure

H


Home Equity
Home Equity Loan
Homeowners Insurance

I


Index
Interest Rate

L


Loan-to-Value Ratio
Loan Term

M


Maturity Date
Mortgage
Mortgage Amortization
Mortgage Points

P


Pre-Approval
Prepayment
Principal
Property Tax

R


Refinancing
Repayment Period
Reverse Mortgage
Right of Rescission

T


Title
Title Insurance
Transfer Taxes

U


Underwriting

V


Variable Rate

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