Glossary of Terms

retweet! | Share

Share A A Paper Loan ARM Abstract of Title Acceleration Acceptance Additional Principal Payment Adjustment Date Adjustment Index Adjustment Interval Affidavit Amenity Amortization Annual Mortgagor Statement Annual Percentage Rate (APR) Application Application Fee Appraisal Appraiser Appreciation Arbitration As Is Condition Asking Price Assessed Value Assessments Assessor Assets Assumable Mortgage Assumption Clause Automated Underwriting Average Price B B Paper Loan Back End Ratio Back To Back Escrow Balance Sheet Balloon Loan Or Mortgage Balloon Payment Bankruptcy Biweekly Payment Mortgage Borrower Bridge Loan Broker Budget Building Code Buy Down C C Paper Loan Callable Debt Cap Capacity Capital Gain Capital Improvements Capital or Cash Reserves Cash Out Refinance Cash Reserve Casualty Protection Certificate Of Title Chapter 13 Bankruptcy Chapter 7 Bankruptcy Charge Off Clear Title Closing Closing Costs Cloud On The Title Co Borrower Co Signed Account Co Signer Collateral Collection Account Commission Common Stock Comparative Market Analysis "COMPS" Compensating Factors Condominium Conforming Loan Consideration Construction Loan Contingency Conventional Loan Conversion Clause Convertible ARM Cooperative "Co Op" Cost Of Funds Index "COFI" Counter Offer Covenants Credit Credit Bureau Credit Counseling Credit Enhancement Credit Grantor Credit History Credit Loss Ratio Credit Related Expenses Credit Related Losses Credit Repair Company Credit Report Credit Risk Credit Score Credit Union Creditor Creditworthiness D Debt Debt Security Debt To Income Ratio Debtor Deductible Deed Deed In Lieu Default Delinquency Deposit Earnest Money Depreciation Derivative Disclosure Discount Point Document Recording Down Payment Due On Sale Clause Duration E Energy Efficient Mortgage EEM Earnest Money Deposit Earnings Per Share EPS Easements Eminent Domain Encroachments Encumbrance Equal Credit Opportunity Act ECOA Equity Escape Clause Escrow Escrow Account Estate Exclusive Listing F FHA Front End Ratio FICO Score FSBO For Sale By Owner Fair Credit Reporting Act Fair Market Value Familial Status Fannie Mae First Mortgage Fixed Expenses Fixed Rate Mortgage Fixture Float Flood Insurance Forbearance Foreclosure Freddie Mac G GSE Ginnie Mae Global Debt Facility Good Faith Estimate Graduated Payment Mortgages Grantee Grantor Gross Income Guarantee Fee H HECM Reverse Mortgage HELP HUD HUD 1 Statement HVAC Hazard Insurance Home Equity Line Of Credit Home Equity Loan Home Inspection Home Warranty Homeowners Insurance Homeownership Education Classes Homestead Credit Housing Counseling Agency I Indemnification Index Inflation Inflation Coverage Inquiry Insurance Interest Interest Rate Interest Rate Swap Intermediate Term Mortgage J Joint Tenancywith Rights Of Survivorship Judgment Jumbo Loan L Late Payment Charges Lease Pruchase Lender Lender Option Commitments Liabilities Liability Insurance Lien Lien Waiver Life Cap Line Of Credit Liquid Asset Listing Agreement Loan Loan Acceleration Loan Fraud Loan Officer Loan Origination Loan Origination Fee Loan Servicer Loan To Value LTV Lock In Lock In Period Loss Mitigation M Mandatory Delivery Commitment Margin Market Value Maturity Median Price Medium Term Notes Merged Credit Report Mitigation Modification Mortgage Mortgage Acceleration Clause Mortgage Backed Security MBS Mortgage Banker Mortgage Broker Mortgage Insurance Mortgage Insurance Premium MIP Mortgage Interest Deduction Mortgage Life And Disability Insurance Mortgage Modification Mortgage Note Mortgage Qualifying Ratio Mortgage Score Mortgagee Mortgagor Multi-Family Housing Multiple Listing Service MLS N National Credit Repositories Negative Amortization Net Income No Cashout Refinance No Cost Loan Non-Conforming Loan Non-Performing Asset Notary Public Note Note Rate Notice Of Default National Principal Amount O Offer Original Principal Balance Origination Origination Fee Owner Owner Financing Owners Policy Ownership P PITI Principal Interest Taxes and Insurance PITI Reserves PMI Partial Claim Partial Payment Payment Change Date Payment Due Date Perils Personal Property Planned Unit Development PUD Points Power Of Attorney Pre Approval Pre Forclosure Sale Pre Qualify Predatory Lending Predictive Variables Preferred Stock Premium Prepayment Prepayment Penalty Price Range Prime Rate Principal Private Mortgage Insurance Promissory Note Property Fixed And Non Fixture Property Tax Property Tax Deduction Public Record Information Punch List Purchase Offer Q Qualifying Ratios Quitclaim Deed R Realtor RESPA Radon Rate Cap Rate Lock Real Estate Agent Real Estate Mortgage Investment Conduit Real Estate Property Tax Deduction Real Estate Settlement Procedures Act Real Property Recording Recording Fees Refinancing Rehabilitation Mortgage Reinstatement Period Remaining Balance Remaining Term Repayment Plan Return On Average Common Equity Reverse Mortgage HECM Right Of First Refusal Risk Based Capital Risk Based Pricing Risk Scoring S Sale Leaseback Second Mortgage Secondary Mortgage Market Secured Loan Security Seller Take Back Serious Delinquency Servicer Servicing Setback Settlement Settlement Statement Special Forbearance Stockholders Equity Streamline Stripped MBSSMBS Sub Prime Loan Subordinate Survey Sweat Equity T Terms Third Party Originiation Title Title 1 Title Company Title Defect Title Insurance Title Search Transfer Agent Transfer Of Ownership Transfer Taxes Treasury Index Trustee Truth In Lending Two Step Mortgage U Underwriting Upfront Charges V VA Department of Veterans Affairs VA Mortgage Variable Expenses Variance Vested W Walk Through Warranty Warranty Deed Z Zoning