Looking for infomation on financial terms? We’ve compiled a list of financial glossary entries for you to view.

Listing of Glossary Entries

A
Adjustable Rate
Amortization
Annual Membership
Annual Percentage Rate (APR)
Application
Application Fee
Appraisal
Assumption of Mortgage

B
Balloon Payment

C
Cap
Cash Out
Ceiling
Closing Costs
Conforming Loan
Contract of Sale
Credit Limit

D
Debt Service
Deed of Trust
Discount Points (or Points)
Down Payment
Due on Sale

E
Effective Interest Rate
Encumbrance
Equity

F
FHA Loan
First Mortgage
Fixed Rate

G
Good Faith Estimate
Grace Period
Gross Income

H
Hazard Insurance
Home Equity Line of Credit
Home Equity Loan
HUD I Settlement Statement

I
Index
Interest Rate

J
Jumbo Loan

L
Loan to Value Ratio (LTV)
Lock or Lock In

M
Margin
Minimum Payment
Mortgage Banker
Mortgage Broker
Mortgage Insurance (MIP or PMI)
Mortgage Loan
Mortgagee
Mortgagor

N
Negative Amortization

P
PITI
Points
Prepayment Penalty

Q
Qualifying Ratios

R
Right to Rescission

S
Security Interest
Servicing a Loan

T
Title
Title Insurance
Transaction Fee

U
Underwriting

V
VA Loan
Variable Rate