If you are one of the tens of thousands of today's home shoppers, you have probably discovered that
mortgage lending has a language all its own. For example, you have probably heard about "points", "margins",
and "repayment penalties." Should you look for an "assumption?" What are
"acceleration clauses?"
For the unprepared, this new terminology can be quite confusing. As with any contract, before you sign your
mortgage, you should know what you are signing. Check this Mortgage Glossary to help you
understand the mortgage and real estate lingo.
