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Listings for Mortgages Key Terms (106)


Home inspection

Home inspection A home inspection is often part of the home buying process. You typically have the right to hire a home inspector to examine […]

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Home equity loan

Home equity loan A home equity loan (sometimes called a HEL) allows you to borrow money using the equity in your home as collateral. Equity […]

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Home equity line of credit (HELOC)

Home equity line of credit (HELOC) A home equity line of credit (HELOC) is a line of credit that allows you to borrow against your […]

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Home appraisal

Home appraisal An appraisal is a written document that shows an opinion of how much a property is worth. The appraisal gives you useful information […]

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HOA dues

HOA dues If you’re interested in buying a condo, co-op, or a home in a planned subdivision or other organized community with shared services, you […]

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Higher-priced mortgage loan

Higher-priced mortgage loan In general, a higher-priced mortgage loan is one with an annual percentage rate, or APR, higher than a benchmark rate called the […]

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Government recording charges

Government recording charges Government recording charges are fees assessed by state and local government agencies for legally recording your deed, mortgage and documents related to […]

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Good Faith Estimate

Good Faith Estimate A Good Faith Estimate (GFE) is a form that a lender must give you when you apply for a reverse mortgage. The […]

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Freddie Mac

Freddie Mac The Federal Home Loan Mortgage Corporation (Freddie Mac) is a private corporation founded by Congress. Its mission is to promote stability and affordability […]

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Foreclosure Foreclosure is when the lender or servicer takes back property after the homeowner fails to make mortgage payments. In some states, the lender has […]

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