Mortgage Glossary

Broker
An individual in the business of assisting in arranging funding or negotiating contracts for a client but who does not loan the money himself.

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