Worst Case Scenario  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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Worst Case Scenario

When calculating the monthly payments for an ARM, this shows the absolute maximum that the payments could be, based on the maximum allowable interest rate as stated in the mortgage documentation.

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Typical Interest Payments

First Time Buyers

2.89%

Purchased Fixed

2.89%

Discounted Rate

2.99%

Buy To Let

2.99%

Commercial

3%

 

 

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Questions & Answers

Read about general questions asked by brokers and lenders and the best ways to answer...

Mortgage Glossary

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A B C D E F G H I J K L M N O P Q R S T U V W X Y Z