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Real Estate Glossary

Welcome to our online Real Estate glossary. To search for a term, use the search box below. To browse our terms, click on a letter of the alphabet and browse away!

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Mortgage: A legal document specifying a certain amount of money to purchase a home at a certain interest rate, and using the property as collateral.
As defined by Inman

See Also:
 » Adjustable-rate mortgage (ARM)
 » Adjustment period
 » Alternative mortgage
 » Assumable mortgage
 » Assumption clause
 » Balloon loan
 » Balloon payment
 » Basis Point
 » Beneficiary
 » Biweekly mortgage
 » Blanket mortgage
 » Boilerplate
 » Buy-down mortgage
 » Cap
 » Cash-out refinance
 » Certificate of deposit index
 » Change frequency
 » Chattel mortgage
 » Collection
 » Compound interest
 » Construction to permanent loan
 » Contractual lien
 » Convertible adjustable-rate mortgage
 » Cooperative mortgages
 » Credit life insurance
 » Credit union
 » Default
 » Delinquent mortgage
 » Due-on-sale clause
 » Escrow account
 » Escrow analysis
 » Escrow payment
 » Fannie Mae
 » Federal Home Loan Mortgage Corporation,law
 » Federal Housing Administration (FHA)
 » Federal National Mortgage Association (FNMA)
 » FHA loans
 » First mortgage
 » Fixed-rate mortgage
 » Foreclosure
 » Freddie Mac
 » Fully amortized adjustable-rate mortgage
 » Government National Mortgage Association
 » Graduated-payment mortgage (GPM)
 » Growing-equity mortgage
 » Guarantee mortgage
 » Home equity conversion mortgage
 » Impounds
 » Index
 » Inflation
 » Initial interest rate
 » Insurance
 » Interest accrual rate
 » Interest rate caps
 » Interest rate ceiling
 » Jumbo mortgage
 » Junior mortgage
 » Lender
 » Life cap
 » Loan term
 » Low-documentation loan
 » Margin
 » Mortgagee
 » Mortgagor
 » Mortgage acceleration clause
 » Mortgage banker
 » Mortgage broker
 » Mortgage insurance
 » Mortgage-interest deduction
 » Mortgage life insurance
 » Multidwelling property
 » Multifamily mortgage
 » Needs-based pricing
 » Negative amortization
 » No cash-out refinance
 » Non-assumption clause
 » Note
 » Note rate
 » Notice of default
 » Payment cap
 » PITI (Principal, Interest, Taxes, Insurance)
 » Principal
 » Private mortgage insurance (PMI)
 » Purchase-money mortgage
 » Rate-improvement mortgage
 » Reconveyance
 » Refinancing
 » Rehabilitation mortgage
 » Repayment plan
 » Repossession
 » Restructured loan
 » Reverse mortgage
 » Second mortgage
 » Secondary mortgage market
 » Servicer
 » Shared-appreciation mortgage
 » Special deposit account
 » Step-rate mortgage
 » Subordinate loan
 » Tax deduction
 » Teaser rate
 » Third-party origination
 » Treasury index
 » Truth-in-Lending Act
 » Two-step mortgage
 » Variable rate mortgage
 » Wraparound mortgage
 » Affordability Index

The definition for Mortgage and this glossary as a whole are presented to you as a courtesy of ForeclosuresMass. For other terms, explinations, definitions and descriptions, please visit our Glossary page.



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