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
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 :
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