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Wondering how much your mortgage will be? Use our calculators to perform mortgage-related calculations such as your expected monthly payments.

Mortgage Glossary

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1-4
1010 Warning

A

Accident and Health Premium
Acquistion Cost
Addendum
Addendum to Additional Commitment
Affidavit
Affidavit of Eligibility
ALTA
Amortization
Amortization Schedule
Annual Percentage Rate
Application/FNMA 1003
Application for Assistance under Section 235 of the National Housing Act HUD form 93100
Application for Authority to Close Loans on an Automatic Basis (Nonsupervised) VA Form 26-8736
Application for Commitment for Insurance under the National Housing Act (HUD) HUD Form 92900-1, VA Form 26-1802-a
Application for Home Loan Guaranty (VA)
Application for Master Conditional Commitment
Application for Property Appraisal Commitment (HUD) HUD Form 92800, VA Form 26-1805.
Apportionment
Appraisal
Appraised Value
Appraiser
Arms' Legnth Transaction
Assignee
Assignment
Assignor
Associate Broker
Assumption Agreement
Assumtion Fee
Assumption of Mortgage

B

Balance Sheet
Bankrupt
Bankruptcy
Basis Point
Borrower
Building Code
Buydown Escrow Agreement
BAQ
BAS
BK
Bond Market
Bond Market

C

Caravan
Cash Out
Certificate
CHFA
Code Violation
Comps
Capitalization
Capitalization Accounting
Cash Flow
Certificate of Commitment for VA Loan Guaranty
Certificate of Deposit
Certificate of Eligibility
Certificate of Loan Disbursement
Certificate of Occupancy
Certificate of Reasonable Value
Change Order
Chattel
Clear Title
Closing
Closing Costs
Closing Statement
Cloud on Title
CMB (Certified Mortgage Banker)
Co-Insurance
Commitment
Commitment Fee
Co-Mortgager
Comparables
Compliance Report
Conditional Commitment
Conditional Commitment Requirements
Conditional Sales Contract
Condominium
Condominium Declaration
Consideration
Co-Signer
Contagious
Contract of Sale
Conventional Loan
Convey
Conveyance
Cooperative
Corporation
Correlation
Correspondent
Cost Approach to Value
Coupon Rate
Credit Rating
Credit Report
CRA(Certified Review Appraiser)
Custodial Accounts

D

DD 214
Debt Service
Deed
Deed of Trust
Department of Housing and Urban Development (HUD)
Deposit
Deposit Receipt
Description of Materials
Direct Endorsement
Discount
Documentary Stamp
Draw
Due-on-Sale Clause
Dwelling Unit

E

Earnest Money
ECOA
Effective Gross Income (Personal)
Effective Rate
Endorsement
Escrow
Escrow Account
Escrow Agent
Escrow Agreement for Postponed Exterior On-Site Improvements
Escrow Company
Escrow Contract
Escrow Costs
Escrow Fees
Escrow Payment
Evidence of Insurance
Exception
Execute
Existing Construction
Existing, Less than One Year Old

F

Fannie Mae
Farmer's Home Administration (FmHA)
Federal Home Loan Bank Board (FHLBB)
Federal Home Loan Mortgage Corporation (FHLMC, "Freddie Mac")
Federal Housing Administartion (FHA)
Federal National Mortgage Association (FNMA, "Fannie Mae")
Federal Truth-in-Lending Disclosure Statement (Reg Z)
Fee Simple
FHA Case Number
FHA Value
Firm Commitment
First Mortgage
First-Time Home Buyer

G

General and Specific Conditions for VA Certificate of Reasonable Value
Gift Affadivit
GI Loan
Governmental National Mortgage Association (GNMA, "Ginnie Mae")
GNMA Mortgage-Backed Securities
Grantee
Grantor
Ground Lease
Ground Rent
Guaranteed Loan
Guaranty

H

Hazard Insurance
Home Energy Checklist
Home Loan
Homeowners Association
Homeowners Policy
Housing Code
HUD-1 (Settlement Statement)

I

Impound
Improved Land
Improvements
Income and Expense Related to Rental Properties
Income and Expense Statement
Income Approach to Value
Installment
Installment Note
Institutional Lender
Insurance
Insured Closing Letter
Interim Loan
Investment Property
Insured Loan
Insured Mortgage
Interest
Interest Factor
Investor

K

L

Land Acquisition Loan
Landlord
Late Charge
Lease
Leasehold
Leasehold Mortgage
Legal Description
Lessee
Lessor
Level Payment Mortgage
Lien
Life of Loan
Limited Common Area
Limited Partnership
Listing
Loan Analysis
Loan Submission
Loan-to-Value Ratio
Loan Verification