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:
With a mortgage that could potentially fall into a negative amortization situation, it is common for the lender to put a cap on the amount of extra capital that can be amassed. For example, it may state that it is only possible to extend the capital borrowed to 110% of the original amount borrowed.