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:
Points are often used as a way of balancing the requirements of a particular borrower. Lenders will allocate ‘points’ to things such as a reduction in the interest rate for a set period or for a certain amount of cash back allowing borrowers to balance all of their needs both short- and long-term.