MORTGAGE GLOSSARY
Acceptance
Acceptance
Amortization
Amortization
Appraised Value
Appraised Value
Asking Price
Asking Price
Assessed Value
Assessed Value
Assumption
Assumption
Automated Underwriting
Automated Underwriting
Closing
Closing
Closing Costs
Closing Costs
Closing Disclosure
Closing Disclosure
Conditional Offer
Conditional Offer
Down Payment Assistance Programs
Down Payment Assistance Programs
Equity
Equity
Escrow
Escrow
Gift Money
Gift Money
Homeowners Insurance
Homeowners Insurance
LTV (Loan-to-Value) Ratio
LTV (Loan-to-Value) Ratio
PITI
PITI
Preapproval
Preapproval
Prequalification
Prequalification
Principal
Principal
Private Mortgage Insurance (PMI)
Private Mortgage Insurance (PMI)
Purchase Offer
Purchase Offer
Title Insurance
Title Insurance
Underwriting
Underwriting
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