The actual amount of money borrowed that is expected to be repaid over an agreed period of time. This is the amount of the loan, not including interest

The lender who makes the mortgage loan.

A fee paid for the advance of a partial or payment in full prior to the contractual due date of the mortgage.

A charge by the lender for the work involved in the preparation and servicing of a mortgage request.

An experienced representative who will assist you with evaluating and selecting the mortgage loan program that meets your needs.

An advance payment on a mortgage or a payment that is made before its contractual due date.

The process of tentatively determining how much money a prospective home buyer will be eligible to borrow before he or she applies for a loan.

A formal written communication by a lender, agreeing to make a mortgage loan on specific property, specifying the loan’s amount, length of time and conditions.

A dollar amount, expressed as a percentage of the loan amount, that is paid to a lender. Points can reduce the interest rate on a loan and sometimes cover costs of the original loan.

A company whose principal activity is the origination and/or servicing of mortgage loans that are sold to other investors or securitized.