Glossary   Click on the first letter of the term you are looking for to find a definition. 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   A   Adjustable-Rate Mortgage (ARM) Adjustment Date Adjustment Period Amortization Amortization Term Annual Percentage Rate (APR) Application Appraisal Appreciation Asset   B   Balloon Mortgage Balloon Payment Borrower Bridge Loan   C   Cap (Interest Rate) Cap (Payment) Cash-Out Refinance Closing Closing Costs Closing Statement Co-Borrower Commitment Letter Community Property Comparables Condominium Conforming Loan Construction Loan Consumer Credit Reporting Agency (or Bureau) Contingency Conventional Mortgage Conversion Clause Convertible ARM Co-op or Cooperative Corporate Relocation Credit Credit History Credit Report Credit Repository   D   Debt Debt-To-Income Ratio Default Depreciation Discount Points Down Payment   E   Earnest Money Equal Credit Opportunity Act (ECOA) Equity Equity Line of Credit Escrow Escrow Account Escrow Analysis Escrow Payment Estate Estimated Gross Costs of Buying Estimated Increase in Equity Estimated Net Costs of Buying Estimated Tax Savings Estimated Total Costs of Renting Estimated Total Savings   F   Fair Credit Reporting Act Fannie Mae Federal Home Loan Mortgage Corporation - Freddie Mac Federal Housing Administration (FHA) FHA mortgage First mortgage Fixed-rate mortgage (FRM) Float rate Flood insurance Fund A Loan   G   Good-Faith Estimate Gross Monthly Rental Income   H   HELOC Homeowner's Insurance or Hazard insurance Housing ratio HUD HUD-1 Uniform Settlement Statement   I   Income Index Interest Rate Investment Related Savings   J   Jumbo Loan   L   LIBOR (London Interbacnk Offered Rate) Lien Lifetime Cap Loan Amount Loan Programs Loan-to-Value Ratio(LTV) Lock Rate   M   Manufactured Housing Mortgage Mortgage Insurance (MI) Mortgage Insurance Premium (MIP) Mortgagee Mortgage Note Mortgagor Multi-family   N   Negative Amortization Nonconforming Mortgage Loan   O   Origination Fee   P   P & I Payment Cap PITI Points Prepayment Prepayment Penalty Pre-qualification Principal Principal & Interest (P&I) Private Mortgage Insurance (PMI) Property Type Planned Unit Development (PUD) Purchase Price   Q   Qualify Qualifying Ratios   R   Rate Rate Cap Rate Float Rate Lock Rate Protection Refinancing   S   Second Mortgage Settlement Statement Single Family Attached Home Single Family Detached Home Subject Property Survey   T   Term of Loan Title Title Insurance Title Search Transfer Tax Total Monthly Payment Truth-in-Lending Act   U   Underwriting   V   VA Mortgage Veterans Administration (VA)