Understanding Mortgage Loan Lingo

Subscribe To Our Newsletter

By clicking submit, I authorize Mint Market Online and its affiliated companies to: (1) use, sell, and share my information for marketing purposes, including cross-context behavioral advertising, as described in our Terms of Service and Privacy Policy, (2) supplement the information that I provide with additional information lawfully obtained from other sources, like demographic data from public sources, interests inferred from web page views, or other data relevant to what might interest me, like past purchase or location data, (3) contact me or enable others to contact me by email with offers for goods and services from any category at the email address provided, and (4) retain my information while I am engaging with marketing messages that I receive and for a reasonable amount of time thereafter. I understand I can opt out at any time through an email that I receive, or by clicking here.

There are few processes in life that feel as complicated as applying for and managing a mortgage loan. Just talking to a mortgage loan officer can sound like alphabet soup, even if it’s not your first mortgage loan. Though most of the terminology isn’t complex, it’s not commonly used. This useful guide will help ensure you understand everything your loan officer is discussing.

Image via Unsplash/Precondo CA

Continue to original source.