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Buyer Services and Information
Financial Terms and Definitions


Click on the financial term in the "Index of Terms" (below) to view it's definition.

Index of Financial Terms
. Acceleration
Adjustable Rate Mortgage
Amortization
Appraisal
Assumption
Balloon Payment
Basis Point
Buydown
Bridge Loan
Cash Flow
Certificate of Eligibility
Closing
Commitment
Commitment Fee
Conventional Loan
Conversion Option
Current Index
Debt Ratio
Default
. Discount Buydown
Discount Points
Equity
Escrow Account
FHA
Firm Commitment
Fixed Rate Mortgage
Foreclosure
Gross Margin
Hazard Insurance
Income Ratio
Index
Interest Cap
Interest Rate Buydown
Lien
Loan To Value
Market Value
Mortgage Insurance Premium
Mortgagee
. Mortgagor
Negative Amortization
Note
Origination Fee
Overall Interest Cap
Payment Adjustment Period
Points
Prepayment Privilege
Principal
Private Mortgage Insurance
Quit Claim Deed
Refinance
Satisfaction of Mortgage
Second Mortgage
Sweat Equity
Title Insurance
VA Loan
Warehouse Fee
Yield

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Steve Hatfield, Realtor
CENTURY 21 Curran & Christie
25636 Ford Road
Dearborn Heights, MI 48127
Office: (313) 274-7200
eMail:


Copyright 1996 - Steve Hatfield
Any Reproduction or Redistribution Without Authorization is Strictly Prohibited

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