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Glossary
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Adjustable-rate mortgage (ARM)
Abstract of title
Adjusted gross income (AGI)
Ad valorem tax
Amortization term
Agreement of sale
Appraised value
Assumable mortgage
Broker
Beneficiary
Bankruptcy
Balloon payment
Certificate of title
Chapter 11
Capital gains tax
Capital gains
Cash flow
Collateral
Closing costs
Conventional loan / conventional financing
Conventional mortgage
Depreciation
Equal Credit Opportunity Act
Escrow
Equity
FDIC
Fair Credit Reporting Act
Federal Housing Administration (FHA)
Fixed-rate mortgage
FHA loan
Fully amortized adjustable -rate mortgage
Home equity conversion mortgage
Interest rate
Market value
Mortgage broker
Periodic rate
Property tax
Rate index
Variable interest rate
Warranty
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LOAN INFORMATION
Loan Purpose:
Refinance
Debt Consolidation
Cash Out Refinance
Construction Loan
Reverse Mortgage
Purchase
Other
Residence Type:
Primary Residence
Second Home
Non-Owner/Investment
Property Type:
Single Family
Condominium
Town Home
2 - 4 Units
Multi-family (Five +)
CO OP
Commercial-Res.
Commercial-Non Res.
Farm
Land
Mixed Use Property
Mobile
Loan Type:
30 Year Fixed
20 Year Fixed
15 Year Fixed
Adjustable Rate
Interest Only
Other
Property /Value:
$
Loan Amount:
$
Goals:
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