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MORTGAGES TERM GLOSSARY
AdjustableRate Mortgage (ARM)
An adjustable rate mortgage, also known as a variable rate mortgage, generally starts out with an interest rate lower
than a fixed rate mortgage.
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What is mortgages term glossary?
The mortgages term glossary is a list of common terms and definitions related to mortgages and home loans.
Who is required to file mortgages term glossary?
Lenders and financial institutions are required to file mortgages term glossary.
How to fill out mortgages term glossary?
You can fill out mortgages term glossary by providing accurate and detailed definitions for each term listed.
What is the purpose of mortgages term glossary?
The purpose of mortgages term glossary is to help borrowers and consumers understand the terms used in mortgage agreements.
What information must be reported on mortgages term glossary?
Mortgages term glossary must include definitions for common mortgage terms such as APR, closing costs, and escrow.
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