It might feel a bit thorny at first...
I tend not to use the acronyms but
ARM is adjustable rate mortgage
DTI is debt to income ratio or the bottom line on your taxes compared to all credit and mortgage debts
GFE Good Faith Estimate a long form that requires some teamwork reading
HELOC- home equity line of credit can be a 1st or 2nd mortgage
HUD1- the detailed number excel sheet escrow prepares with all costs
PMI private mortgage insurance- insurance for the lenders on the loan
LTV- loan to value or appraised value vs loan amounts
MIP mortgage insurance premiums
PITI principle interest taxes and insurance the whole payment
RESPA the real estate settlement procedures act
TLA truth in lending
There you have it
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