Mortgage terminology

Get clarity on the unique language of mortgage loans

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Featured resources

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5-minute read

A guide to TILA-RESPA Integrated Disclosures (TRID)

Learn how TRID mortgage guidelines, or “Know Before You Owe” rules, protect borrowers, including what they mean for you during the home buying process.

A couple working on a laptop together, potentially related to real estate or financial activities.

7-minute read

What home buyers need to know about appraisal gaps

An appraisal gap occurs when a home appraisal comes in lower than an accepted offer. Learn more about what an appraisal gap is and how this process works.

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6-minute read

What is joint tenancy?

Joint tenancy is a legal agreement in which two or more people have equal rights to – and ownership interests in – a property. Learn how it works, as well as the pros and cons.

Woman looking over a bill in her kitchen.

3-minute read

Mortgage forbearance vs. deferment: What’s the difference?

For homeowners dealing with financial hardship, relief options include forbearance and deferment. Learn more about mortgage forbearance versus deferment.

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3-minute read

Appraisal vs. inspection: A guide

Appraisals and inspections are critical steps in the home buying process. Learn how to identify the key differences in appraisals versus inspections.

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9-minute read

Mortgage default: Everything you need to know

Mortgage default can occur if you stop making payments, and it can lead to foreclosure. See how to avoid delinquency and what to do with a mortgage in default.