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Steamboat Home Mortgage

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

adjustable-rate mortgage (ARM):   |   amortization schedule:   |   annual percentage rate (APR):   |   application:   |   appraisal   |   assessed value:   |   assumable mortgage:

balloon mortgage:   |   bankruptcy:   |   buydown:

cash-out refinance:   |   closing:   |   closing costs:   |   co-borrower:   |   comparable sales:   |   condominium:   |   construction loan:   |   contract:   |   conventional mortgage:   |   credit:   |   credit history:   |   credit report:

deed:   |   discount points:   |   down payment:

earnest money deposit:   |   equity:   |   escrow:   |   escrow account:   |   exclusive listing:

Fair Credit Reporting Act:   |   fair market value:   |   fee simple:   |   firm commitment:   |   first mortgage:   |   fixed-rate mortgage:   |   foreclosure:   |   401(k)/403(b) loan:   |  

hazard insurance:   |   Home Equity Conversion Mortgage (HECM):   |   home equity line of credit:   |   home inspection:   |   homeowners' association:

index:   |   interest:

jumbo loan:

lender:   |   life cap:   |   line of credit:   |   loan origination:   |   loan-to-value (LTV):

margin:   |   mortgage banker:   |   mortgage broker:   |   mortgage insurance (MI):   |   mortgage insurance premium (MIP):

negative amortization:   |   no cash-out refinance:   |   note:

origination fee:   |   owner financing:

PITI:   |   PITI reserves:   |   private mortgage insurance (MI):   |   purchase agreement:

qualifying ratios:

rate lock:

second mortgage:   |   subordinate financing:

title company:   |   title insurance:   |   transfer tax :

Steamboat Home Mortgage
Tel: 970-879-0728
E-mail: lperry@sbgmac.com

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