Mortgage Terms Information
Section One - Mortgage Dictionary
All the terms we could think of regarding mortgages in one handy spot.
Section Two - LTV - Loan to Value
Information on LTV and why it matters.
Section Three - APR - Annual Percentage Rate
Information on APR and how it is calculated.
Section Four - Fannie and Freddie
Who are Fannie and Freddie and how can they help me get a lower rate?
Section Five - Government Loan Agencies
What is a government loan?
Section Six - PMI
Information about Private Mortgage Insurance, called PMI.
Section Seven - 2nd Mortgages
Why is it called a 2nd Mortgage?
What is title insurance and why should I consider owners title insurance?
Section Eight - Cash Out Mortgage
What is a cash out mortgage?
Section Nine - Condo, PUDs, Townhomes
What are the differenes between a Condo, PUD, and Townhome?
Section Ten - Zoning
Does it matter how my property is Zoned?
Section Eleven - Recasting
What is recasting and does it affect my payment?
Section Twelve - Negative Amortization Loans
Sometimes called Pick-A-Payment loans - what are negative amortization loans?
Section Thirteen - No Closing Cost Mortgages
Can I really get a mortgage with no closing costs?