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Glossary

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Adjustable-rate mortgage (ARM) Abstract of title
Adjusted gross income (AGI) Ad valorem tax
Amortization term Agreement of sale
Appraised value Assumable mortgage
Broker Beneficiary
Bankruptcy Balloon payment

Certificate of title

Chapter 11
Capital gains tax Capital gains
Cash flow Collateral
Closing costs Conventional loan / conventional financing
Conventional mortgage Depreciation
Equal Credit Opportunity Act Escrow
Equity FDIC
Fair Credit Reporting Act Federal Housing Administration (FHA)
Fixed-rate mortgage FHA loan
Fully amortized adjustable -rate mortgage Home equity conversion mortgage
Interest rate Market value
Mortgage broker Periodic rate
Property tax Rate index
Variable interest rate Warranty
       



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