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mortgage calculators bread crumb mortgage calculators > Mortgage Dictionary for words that start with letter H

Mortgage Dictionary for words that start with letter H

 
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hazard insurance - Insurance protecting against loss to real estate caused by fire, some natural causes, vandalism, etc., depending upon the terms of the policy.

Hazard Insurance - Insurance on a property against damages caused by fire, wind storms, and similar risks.

Heirs and Assigns - One who might inherit or succeed to an interest in a property under the rules of law applicable when a property owner dies.

Holographic Will - Will written in the testator's handwriting and not witnessed.

Homeowner's or Maintenance Fees - Payments made by property owner (s) of a condominium or a unit in PUD to the homeowners' association for expenses incurred in upkeep of the common areas.

Homeowner's Policy - Policy which expands the insurance for a homeowner. It may include theft, liability, earthquake, etc.

Homeowners Association - An association of people who own homes in a given area for the purpose of improving or maintaining the quality of the area.

Homestead - Tract of land occupied as a family home.

Housing and Urban Development (HUD) - The federal government agency that oversees FHA.

housing ratio - The ratio of the monthly housing payment in total (PITI - Principal, Interest, Taxes, and Insurance) divided by the gross monthly income. This ratio is sometimes referred to as the top ratio or front end ratio.

HUD - The U.S. Department of Housing and Urban Development.

HUD 1 - A closing document required by HUD that outlines the settlement cost of a loan. The closing agent generally prepares the document and buyer receives it shortly after the loan is closed.

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.
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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