Glossary G,H,I,L | LTmortgage

GLOSSARY

G-L

Growing-Equity Mortgage (GEM)

Guarantee Mortgage

Housing Expense Ratio

HUD-1 statement

Hybrid ARM (3/1 ARM, 5/1 ARM, 7/1 ARM)

Initial Interest Rate

Insured Mortgage

Interest Accrual Rate

Interest Rate Buydown Plan

Interest Rate Ceiling

Interest Rate Floor

Lease-Purchase Mortgage Loan

Lifetime Payment Cap

Lifetime Rate Cap

Loan-to-Value (LTV) Percentage

Have more questions? Contact us

We are here to assist. Contact us by phone, email or via our social media channels.