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Glossary

Knowledge is power and there’s no difference when it comes to obtaining a home loan! To help you on the journey to becoming an educated borrower, we’ve created this glossary of terms you’ll need to know during your home loan process.

 

All | # 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
There are 2 names in this directory beginning with the letter R.
Refinance
To refinance is to take out a new loan on different terms, often to lower your payment, shorten your term, or use the equity you’ve built up over time to get cash back from your home.

Rental Property
A rental property is a property which the owner receives payment from tenants in return for using or occupying the property.