Glossary

A - E

F - J

K - O

P - T

U - Z

Glossary

A - E

F - J

K - O

P - T

U - Z

A - E

Adjustable-Rate Mortgage (ARM)

Agent

Amortization (Mortgage)

Annual Percentage Rate (APR)

Appraisal

Broker

Buydown

Cash-Out Refinance

Closing Costs

Closing Disclosure (CD)

Debt Consolidation (through mortgage)

Debt-to-Income (DTI) Ratio

Down Payment

Earnest Money

Equity

Escrow

Exhausted

F - J

Finance Charge

Fixed-Rate Mortgage

Funding Date

Gift Letter

Grace Period

Home Inspection

Homeowners Insurance

K - O

Loan Estimate (LE)

Loan Origination

Loan Originator

Loan-to-Value (LTV) Ratio

Lock Period

Notice of Default

Octane

P - T

Pre-Approval

Pre-Qualification

Principal

Principal, Interest, Taxes, and Insurance (PITI)

Private Mortgage Insurance (PMI)

Purchase Agreement

Rate

Refinance

Survey

Sweat Equity

Tax Proration

Term

Title

Title Insurance

U - Z

Underwriter

Upfront Costs

Variable Rate

Wire Transfer

A - E

Adjustable-Rate Mortgage (ARM)

Agent

Amortization (Mortgage)

Annual Percentage Rate (APR)

Appraisal

Broker

Buydown

Cash-Out Refinance

Closing Costs

Closing Disclosure (CD)

Debt Consolidation (through mortgage)

Debt-to-Income (DTI) Ratio

Down Payment

Earnest Money

Equity

Escrow

Exhausted

F - J

Finance Charge

Fixed-Rate Mortgage

Funding Date

Gift Letter

Grace Period

Home Inspection

Homeowners Insurance

K - O

Loan Estimate (LE)

Loan Origination

Loan Originator

Loan-to-Value (LTV) Ratio

Lock Period

Notice of Default

Octane

P - T

Pre-Approval

Pre-Qualification

Principal

Principal, Interest, Taxes, and Insurance (PITI)

Private Mortgage Insurance (PMI)

Purchase Agreement

Rate

Refinance

Survey

Sweat Equity

Tax Proration

Term

Title

Title Insurance

U - Z

Underwriter

Upfront Costs

Variable Rate

Wire Transfer

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Check out our blog for the latest on all things mortgage.

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