Down Payment  Mortgage Glossary

Mortgage Glossary

Below is an A-Z glossary of general terms used within the mortgage industry. Click on any term to view a detailed explanation. Use the alphabet below to navigate quickly to a term beginning with:



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The amount of the cash deposit that is put down by the borrower. For example, if the property is worth 120,000 and the loan is taken for 100,000 the down payment would have been 20,000. Some lenders will state a minimum percentage requirement as a down payment such as 10 or 15 percent.

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2.89%

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2.89%

Discounted Rate

2.99%

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2.99%

Commercial

3%

 

 

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Mortgage Glossary

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