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Loan terms:

Amortization Schedule, Annual Percentage Rate (APR), Application Fee,Appraisal, Approval

Balance, Balloon mortgage,Closing Costs, Commitment Letter, Credit report, Condominium, Conforming mortgage, Contingency, Conventional Mortgage, Conversion option, Current index value.

Depreciation, Down payment, Equal Credit Opportunity Act, Equity, Escrow Account.

FHA Mortgage, First mortgage, Fixed rate mortgage (FRM), Float, Fo reclosure.

Good Faith Estimate, Graduated payment mortgage (GPM),Homeowner's Insurance, HUD Settlement Statement, Hazard insurance, Housing expense ratio.

Initial interest rate, Interest Rate Cap, Lien, Loan amount, Loan-to-value ratio, Loan Servicing, Lock, Lock period.

Margin, Mortgage, Mortgage Banker, Mortgage Broker, Non-conforming mortgage, Non-permanent resident alien.

Origination Fee, PITI, PMI, Payment shock, Pipeline risk, Planned Unit Development (PUD), Points, Prepaids, Prepayment penalty, Principal, Processing,

Qualification, Rate/point options, Rate protection, Real Estate Settlement Procedures Act (RESPA), Required cash, Rate Lock, Rate Cap, Refinance

Second mortgage, Sale of Servicing, Secondary Mortgage Market, Servicing Fees, Servicing Released, Sub-servicing, Subordinate financing, Survey

Temporary buydown, Title, Total expense ratio,Title Company, Title Insurance, Treasury index, Truth-in-Lending, U nderwriting, Underwriting requirements, VA Loan, Waive escrows, Wholesale lender


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