的术语表

Allows the lender to demand immediate payment of the balance of the loan in the event the borrower defaults on payments.

A mortgage in which the interest rate changes periodically based on a pre-selected financial index. 大多数ARMs规定了利率可能上调的上限. 也被称为可变利率抵押贷款.

The repayment of a mortgage loan by equal periodic payments to cover the principal and interest.

The time between changes in the interest rate and/or monthly payment in an adjustable rate mortgage.

A yearly rate of interest that includes fees and costs paid to acquire the loan. This rate may be higher than the stated note rate on the mortgage because it takes into account points and other credit costs. The APR allows borrowers to compare different types of mortgages based on the initial cost for each loan.

A written estimate of the property value prepared by a licensed real estate appraiser.

A mortgage with level monthly payments for a set period of time and one final lump sum payment at the end of a specified term.

为客户谈判贷款的人或公司, 但不以个人名义借钱.

A provision of an adjustable rate mortgage (ARM) that limits how much the interest rate or mortgage payments may increase or decrease.

Expenses incurred by buyers and sellers when transferring ownership of property. 交割成本通常包括评估费用, title, 保险, 记录, 信用报告, 承销, 处理和文件准备.

一项协议, 经常写, in which a lender promises to lend money on certain terms for a specified period.

贷款:未被政府机构保险或担保的贷款, 比如联邦住房管理局, VA或农民家庭管理局.

A document used in many states instead of a mortgage; title is conveyed to a trustee.

A sum a borrower pays to a lender to decrease the interest rate of a mortgage. 1分等于贷款金额的1%.

A condition of a mortgage or deed of trust that states the loan must be paid when the property is sold.

Money given from the buyer to the seller when making a formal offer to bind a transaction. 也叫存款.

The difference between the home’s fair market value and the unpaid principal balance of the mortgage and any liens. 股本 increases as the mortgage is paid down and the property appreciates in value.

An account in which a neutral third party holds the documents and money in a real-estate transfer until all conditions of sale are met. 第三方托管 may also refer to an account held by the lender into which the borrower pays for tax or 保险 payments.

A tax-paying corporation created by Congress that purchases and sells conventional residential mortgages on the secondary market. 该机构使抵押贷款更容易获得和负担得起.

A tax-paying corporation created by Congress that purchases and sells conventional residential mortgages on the secondary market. 该机构使抵押贷款更容易获得和负担得起.

A home loan in which the interest rate remains constant for the life of the loan.

The total amount the borrower earns each month, before any taxes or deductions.

Insurance coverage that compensates for physical damage to property from natural disasters, 如火, 风暴或其他危险.

The index is an important component of an adjustable rate mortgage ARM loan. 在ARM贷款的初始固定利率部分(1年.、3年、5年等等.), the newly calculated rate is based on the addition of the margin (fixed throughout the life of the loan) to the 指数 (subject to weekly or monthly changes). This sum is usually rounded up to the nearest one eighth of a percent and is subject to the rate cap limitations initially outlined in the NOTE. 最常用的指数是一年期国债, 一年的伦敦银行间拆放款利率, 第11区资金成本(COF).

A loan that is larger than the limits set by the FHLMC (currently $417,000).

债权:为偿还债务而对某一财产的债权. A mortgage is a lien; other types of liens a property might have include a tax lien for overdue taxes or a mechanic’s lien for unpaid debt to a subcontractor.

量, 用百分比表示, that a lender adds to the index on an adjustable rate loan to establish the adjusted interest rate. 例如，如果周年纪念日的指数是4%，差额是2.25%，续费是6.25%.

The price paid in an open competitive environment which is acceptable to both the buyer and seller and unaffected by the financing and sales concessions.

量 paid by the borrower to insure the mortgage when the down payment is less than 20%. 抵押贷款保险又称MI或PMI(私人抵押贷款保险).

当支付率低于票据率时发生. 本金余额不是减少，而是增加.

借款人的总收入减去联邦所得税.

A provision of a home loan that prohibits the transfer of a mortgage to another borrower without the lender’s permission.

贷款方处理贷款的费用. This fee is usually computed as a percentage of the face value of the loan and includes the cost to prepare loan documents, 检查借款人的信用记录, 检查属性, 等.

Acronym for the components of a mortgage payment: principal, interest, taxes, and 保险.

在交易结束时收取预付利息. They are generally used to buy down the interest rate, either permanently or temporarily. 1分等于贷款金额的1%.

欠款:在贷款中欠下的金额，不包括利息.

A policy that protects the lender by reducing their exposure on a house if the borrower stops paying the loan. 借款人按月支付费用. PMI is usually required if the loan is greater than 80% of the lesser of the appraised value or purchase price.

A waiting period of 3 business days during which a borrower is given the opportunity to cancel the transaction. 只适用于自住再融资.

A fee paid to the county for 记录 a mortgage or deed and making it part of the public records.

The steps and operations a lender performs to keep a loan in good standing including the collection of payments, 支付税收, 保险, 和财产检查.

A precise measurement of land showing its border location in relation to known points and dimensions.

The process by which the lender decides whether to loan money based on credit, 就业, 资产, 以及其他因素并将风险与适当的比率相匹配, 借款期限及金额.

A mortgage in which the interest rate changes periodically based on a pre-selected financial index. 大多数vrm都有利率上调幅度的上限. 也被称为可调利率抵押贷款.