Mortgage acronyms defined1 of 11If you've ever shopped for a mortgage, you've probably been overwhelmed by an alphabet soup of acronyms seemingly designed to confuse the borrower at every turn.While the lingo may seem complex, the definitions aren't all that daunting. Here are the basics. Related Articles:Rule would refund feesReturn of the ARMKnow your mortgage capsNew form for closing costsRelated Links:Key mortgage paperworkMortgage essentialsLow score, high payment?Ratios rule mortgages advertisement
If you've ever shopped for a mortgage, you've probably been overwhelmed by an alphabet soup of acronyms seemingly designed to confuse the borrower at every turn.
While the lingo may seem complex, the definitions aren't all that daunting. Here are the basics.
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