dcsimg

Loan Glossary

acceleration
adjustable rate mortgage
adjustment interval
amortization
annual percentage rate
application fee
appraisal
assessed valuation
assessment
assumption
balloon mortgage
biweekly mortgage
borrower
broker
buydown
caps
cash out
cash to close
certificate of eligibility
certificate of title
closing
closing agent
closing costs
closing documents
closing statement
co-borrower
cofi - cost of funds index
collateral
commitment
commitment fee
commitment letter
comparables
conforming loan
construction loan
conventional loan
conversion
convertible arm
credit rating
credit report
debt ratio
deed of trust
default
delinquency
deminimus pud
department of veterans affairs
deposit
depreciation
discount point
discounted loan
down payment
due-on-sale-clause
earnest money
equal credit opportunity act
equity
escrow
fair credit reporting act
farmers home administration
federal home loan bank board
federal home loan mortgage corporation
federal home loan mortgage corporation
federal housing administration
federal national mortgage association
fha loan
fha mortgage insurance
finance charge
firm commitment
fixed-rate mortgage
float
foreclosure
gift letter
government loans
graduated payment mortgages
gross monthly income
growing equity mortgage
guaranty
hazard insurance
high ratio loan
homeowners association dues
housing ratio
impound
index
initial borrower interest rate
initial borrower payment rate
insured loans
interest
interest rate
investment property
jumbo loan
lender
lender buy-down mortgage
lien
life of loan cap
loan origination fee
loan-to-value ratio
lock
lock
margin
market value
maturity
monthly payment
mortgage
mortgage banker
mortgage broker
mortgage insurance
mortgage note
mortgage reduction programs
mortgagee
mortgagor
negative amortization
net effective income
no income documentation loans
non-conforming
non-conforming loan
occupancy
one-year adjustable
origination fee
owner occupied
piti
points
preliminary title report
prepayment
prepayment penalty
principal
private mortgage insurance
processing
pud
purchase contract
qualifying ratio
rate lock option
real assets
real estate owned
real estate settlement procedures act
real property
recording fees
refinancing
residual income
satisfaction of mortgage
second home
second mortgage
secondary mortgage market
security
settlement costs
shared appreciation mortgage
survey
title
title insurance
title search
total debt ratio
truth in lending act
underwriting
va (department of veterans affairs) mortgage
variable rate mortgage
verification of deposit
verification of employment
warehouse fee
zero point option