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 mortgage calculators > Mortgage Dictionary
Mortgage Dictionary
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Search for any term related to mortgage calculators. Useful for students who are learning mortgage
and families who wants to acquire mortage. Just enter any mortgage term and click the
search button. You may see all the mortgage terms which starts with a specific letter.
Choose from drop down list and click search button to see results. If you enter
a mortgage term and choose a letter, it tries to find the term that starts with a letter
and contains the mortgage term. |
New And Improved Mortgage Dictionary
The search engine of our mortgage dictionary got an extreme makeover. We saw the need
as it fails to pick up the most accurate and relevant result. Now, the search results
show the most accurate and relevant terms for any search terms. We are also contemplating
to add more terms soon.
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Most Popular Searches In Our Mortgage Dictionary
Mortgagor and Mortgagee -
Mortgagor is also called the borrower or owner, while Mortgagee is also called the lender.
Face Value -
The borrower promises to the pay the original principal amount which is the face value of the mortgage.
First mortgage and Second mortgage -
The first mortgage refers to the current mortgage, while the second mortgage refers to the additional mortgage.
Fair Market Value -
It is the median price between the highest price acceptable to buyer and lowest price acceptable to seller.
Market Value -
It is the most likely price at which the property would sell.
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