Glossary of US mortgage terminology

Terms pertaining to US mortgages include:

Main two types

Origination and Re-Financing Origination: starting from the scrap, Ex, A person want to buy a home and go to the bank for the same will get loan of 80% of their LTV. Re-finance: defaulted borrower can apply for the same refinancing procedure to re modify the loan term,interest rate.

Mortgage types

Terminology

See also


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