Glossary of US mortgage terminology

Terms pertaining to US mortgages include: Main two types Origination and Re-FinancingOrigination: starting from the scrap, Ex, A person want to buy a home and go to the bank for the same will get loan of 80% of their LTV. Re-finance: defaulted borrower can apply for the same refinancing procedure to re modify the loan term,interest rate.

Glossary of US mortgage terminology

Terms pertaining to US mortgages include: Main two types Origination and Re-FinancingOrigination: starting from the scrap, Ex, A person want to buy a home and go to the bank for the same will get loan of 80% of their LTV. Re-finance: defaulted borrower can apply for the same refinancing procedure to re modify the loan term,interest rate.