Mortgage Glossary

Abstract (of Title)
A summary of the public records relating to the title to a particular piece of land. If there are any title defects they must be cleared before a buyer can purchase clear, marketable, and insurable title.

Mortgage Glossary - A
1 year adjustable (ARM) 10 year adjustable (ARM) 2 year adjustable (ARM) 3 year adjustable (ARM) 5 year adjustable (ARM) 7 year adjustable (ARM) Abstract (of Title) Acceleration Clause Adjustable Rate Mortgage (ARM)	Adjustment Interval Affiliate Affordable Gold 5 Affordable Gold 97 Affordable Product Type Affordable Seconds Agreement of Sale Amortization Annual Percentage Rate (APR)	Appraisal Appraisal Fee Appraiser network Assessment Report Assessment Upgrade Asset Assumable Mortgage Assumption Automated Underwriting

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