Mortgage Glossary

Bank Draft
A payment method where your loan payment is automatically deducted from your checking or savings account, so you don't have to mail in your payment each month.

Mortgage Glossary - B
5-Year Balloon Mortgage 7-Year Balloon Mortgage Balloon (Payment) Mortgage Bank Draft Bankruptcy	Billing Error Binder or "Offer to Purchase" Borrower Bridge Loan Broker	Building Line or Setback Business Days Buydown