MortgageMint® - Hot Topics

Amortization: The gradual repayment of a mortgage loan by installments.

Appraised Value: An opinion of a property's fair market value, based on an appraiser's knowledge, experience, and analysis of the property.

Assessor: A public official who establishes the value of a property for taxation purposes.

Clear Title: A title that is free of liens or legal questions as to ownership of the property.

Conventional Mortgage: A mortgage that is not insured or guaranteed by the federal government.

Deed of Trust: The document used in some states instead of a mortgage; title is conveyed to a trustee.

Fannie Mae: A congressionally chartered, shareholder-owned company that is the nation's largest supplier of home mortgage funds.

Hot Topics