Mortgage terminology

Get clarity on the unique language of mortgage loans

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Featured resources

A couple discussing real estate investment or mortgage with an agent.

28-minute read

Mortgage terms: Defined and explained

There are many unfamiliar terms to learn when you’re buying a home and need to apply for a mortgage. Here’s a list of common mortgage terms and what they mean.

Calculating mortgage payments, representing financial planning or budgeting.

7-minute read

What is an acceleration clause in real estate?

An acceleration clause in a mortgage means that your mortgage balance becomes due if you default on payments. Learn how a mortgage acceleration clause works.

A woman wearing glasses stands at a desk, working on a laptop computer and looking on a piece of paper.

10-minute read

Closing Disclosure: What it is and how to read the form

Your Closing Disclosure is an important mortgage document, but it can be difficult to interpret. We broke down the essential components in this complete guide.

Two men in suits discussing contracts with folded hands.

8-minute read

Mortgage fraud: What you need to know to avoid it

Mortgage fraud occurs when someone lies or omits information to get loan approval or favorable loan conditions. Learn about common types of mortgage fraud here.

A woman looking at a deed, potentially involved in property ownership or real estate matters.

5-minute read

Deed vs. title: Know the difference

It’s a misconception that a house’s title and deed are the same, but they aren’t. Learn the differences to be prepared for your home sale or purchase.

Couple discussing a CMT loan or adjustable-rate mortgage with a financial advisor.

4-minute read

How the constant maturity Treasury rate affects your mortgage

The Constant Maturity Treasury rate plays a key role in determining adjustable-rate mortgage interest rates. Learn how the CMT rate impacts mortgage payments.