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#6:  Don’t be penny wise and pound foolish

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Mortgage Glossary
Article Index
Mortgage Glossary
Adjustable-rate Mortgage
(ARM)
Amortization Schedule
Annual Percentage Rate
(APR)
Appraisal
Assumable Mortgage
Balloon Mortgage
Bill of Sale
Broker
Closing Costs
Comparables
Covertible ARM
Earnest Money Deposit
Equity
Escrow
Fixed-rate Mortgage
(FRM)
Interest Rate
Loan Origination
Lock-in
Mortgage Broker
Origination Fee
Point
Prepayment
Pre-qualification
Private Mortgage Insurance
(PMI)
Title
Title Company
Title Insurance
Title Search
Underwriting

Confused by all of the different mortgage terms out there?  Mr. Thrifty has created a simple mortgage glossary with some of the basic mortgage terms to get you started.

Confused by all of the mortgage terms out there?  Mr. Thrifty has researched some of the more common ones.  Click on a word on the right for a short definition.



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