Mortgage Terms and Definitions

Buying a home is a process to say the least. It isn’t hard, but there are quite a few steps. This page will help you understand the ins and outs of everything mortgage loan related.

confusing mortgage terms
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Adjustable-Rate Mortgage (ARM)

Amortization

Annual Percentage Rate (APR)

Appraisal

Assets

Balloon Loan

Closing Costs

Closing Disclosure

Debt-To-Income (DTI) Ratio

Deed

Discount Points

Down Payment

Earnest Money Deposit

Escrow

Fixed-Rate Mortgage

Home Inspection

Homeowners Insurance

Mortgage

Mortgage Insurance

Preapproval

Principal

Private Mortgage Insurance (PMI)

Property Taxes

Real Estate Agent

Refinance

Seller Concessions

Term

Title

Title Insurance