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Mortgage Glossary

The mortgage glossary helps you understand technical mortgage terms used throughout our web site. Use the menu below to navigate alphabetically to the term you are looking for.

  1. Payment Cap
  2. Payment Schedule
  3. Per Diem Interest
  4. Periodic Cap
  5. Piggyback Mortgage
  6. PITI
  7. PITI Reserve
  8. Planned Unit Development (PUD)
  9. Points
  10. Power of Attorney
  11. Preapproval
  12. Prepaid Expenses
  13. Prepaid Interest
  14. Prepayment
  15. Prequalification
  16. Prime Rate
  17. Principal
  18. Private Mortgage Insurance (PMI)
  19. Property Taxes
  20. Purchase Agreement