Home About Glossary

Glossary of terms and acronyms used on this site

There are 93 entries in this glossary.
All | 0-9 | A | B | C | D | E | F | G | H | R | T | U | V | Z


Term Definition

A limit, such as one placed on an adjustable rate mortgage, on how much a monthly payment or interest rate can increase or decrease, either at each adjustment period or during the life of the mortgage. Payment caps do not limit the amount of interest the lender is earning, so they may cause negative amortization. Source: www.hud.gov

All | 0-9 | A | B | C | D | E | F | G | H | R | T | U | V | Z
Glossary 2.64 is technology by

Expert Skills

FHA Approved Appraiser
with 25+ years of Qualifications and Experience

Home Appraisal, Inspection and Valuation

Certified Appraiser
SCGREA General Appraiser as Staff Supervisor

Condo Project Approvals
for FHA/HUD, VA, Fannie Mae & Freddie Mac