Buying a home is one of the largest financial decisions people make in their lifetime. Let us help you get the answers you need to make the right decision.
A
- Abstract of title
- Acceleration clause
- Accrued interest
- Adjustable rate
- Adjustable-rate mortgage (ARM)
- Adjustment interval
- Agent
- Agreement of sale
- Alternative documentation
- Amortization
- Amortization re-cast limitation
- Amortization re-cast period
- Annual percentage rate (APR)
- Application
- Application fee
- Appraisal
- Appraisal fee
- APR
- ARM
- ARM assumbility
- ARM disclosure
- ARM handbook
- Assessment
- Asset
- Assignment
- Assumability
- Assumption
B
C
- Call option
- Caps
- Caps (Payment)
- Cash-out
- Cashier’s check (or bank check)
- CC&Rs;
- Ceiling
- Certificate of eligibility
- Certificate of occupancy
- Certificate of reasonable value (CRV)
- Certificate of title
- Certificate of veteran status
- Certified check
- CFPB
- Chain of title
- Clear title
- Closing (or settlement)
- Closing costs
- Closing statement
- Cloud on title
- CLTV
- COFI
- Collateral
- Combined loan-to-value (CLTV)
- Commission
- Commitment
- Condominium
- Conforming loan
- Consumer Financial Protection Bureau
- Contingency
- Contract of sale
- Conventional loan
- Conversion clause
- Conversion option
- Convertible ARMs
- Conveyance
- Cost of funds index (COFI)
- Covenants, conditions and restrictions
- Credit report
- Credit risk
- CRV
D
E
F
- Fair Housing Act
- Fannie Mae
- Farmer’s Home Administration
- Federal Home Loan Mortgage Corporation
- Federal Housing Administration
- Federal National Mortgage Association
- Federal Reserve
- Fee simple
- FHA
- FHA Loan
- FHAct
- FHLMC
- FIAR
- First mortgage
- Fixed rate
- Fixed-rate mortgage
- Flood insurance
- Floor
- Floor (Interest – ARM)
- FMHA
- FNMA
- Forbearance
- Foreclosure (or repossession)
- Freddie Mac
G
H
I
L
M
N
P
- Payment cap
- Payment cap (ARM)
- Payment change date
- Per diem interest
- Periodic interest cap
- Permanent loan
- PITI
- PMI
- Points (or Discount points)
- Power of attorney
- Pre-payment penalty
- Prepaid expenses
- Prepaid interest
- Prepayment
- Prequalification
- Primary mortgage market
- Prime rate
- Principal
- Private Mortgage Insurance (PMI)
- Profit and loss statement
- Property tax
- Purchase agreement
R
S
- Sale agreement
- Satisfaction
- Second mortgage
- Secondary mortgage market
- Seller’s broker
- Seller’s market
- Servicing (or Loan administration)
- Settlement (or Closing)
- Settlement cost (HUD guide)
- Settlement costs
- Settlement sheet (HUD-1)
- Simple interest
- Start rate
- Subsidized second mortgage
- Survey
- Sweat equity
T
V
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