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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
 
fixed-rate mortgage (FRM) - A mortgage in which the interest rate does not change during the entire term of the loan.  Traditionally most mortgages were FRM’s.


 



Also check out Mr. Thifty's Guide to Shopping for a Mortgage

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