MORTGAGE DICTIONARY

Fairway Asset Corporation - MORTGAGE DICTIONARY

Morgage Dictionary

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 currently 4 names in this directory beginning with the letter G.
Gift
Money borrowers receive from an eligible source (non-profit organizations, family, etc.) You can use gift money on any type of loan but remember, loans have their own set of restrictions.

Good Faith Estimate
A loan summary disclosure and an estimate of the charges that will incur upon settlement, now known as a Loan Estimate.

Government Mortgage
A mortgage that is insured by a government agency.

Graduated Payment Mortgage
Intended for young couples who are unable to make the full mortgage payment at the time of singing but whose income will increase over time. A negative amortization mortgage with flexible payment options that gradually increase over time until leveling off.
X