Mortgage Glossary

In order to understand the information on our site, it helps to have a good understanding of basic mortgage terminology. Whether you've never financed a home before and you're new to the mortgage world, or whether you've financed many homes and you'd just like a good review of mortgage terms, you've come to the right place.

This section explains what common mortgage terms mean and how they're used in the mortgage business. The first part of this section simply lists all the terms to provide an overview of the information covered, and the second part of this section then explains each term and how it's used in the mortgage business. Click a term in the first section to be taken directly to the page that term is explained on in the second section.

List of Terms:

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Our mortgage calculator can calculate principal and interest payments, calculate total monthly payments and display an amortization report.

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