Helping you understand the loan process is important to us. An informed decision is always the best decision, and it ensures that you get the financing that best meets your needs.
Please feel free to utilize this glossary as a resource to familiarize yourself with a few terms that are widely used in the industry. If you ever have any questions about financing a home, please give us a call.
Adjustable Rate Mortgage (ARM): A mortgage in which the interest rate is adjusted periodically according to a pre-selected index.
PITI (Principal, Interest, Taxes and Insurance): The most common components of a monthly mortgage payment.