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First-Time Homebuyer
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Loan Officers
Careers
Reviews
Branches
Buy
First-Time Homebuyer
Veterans & Military Families
Rural & USDA Buyers
Self-Employed and Business Owners
Refinance
Learning Center
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Loan Officers
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Branches
Home Mortgage Glossary
T
Two-step mortgage
A two-step mortgage is a unique type of home loan that combines the benefits of fixed and adjustable-rate mortgages.
Temporary Mortgage Buydown
A temporary mortgage buydown is a financing option that allows homebuyers to lower their mortgage interest rate for a limited period.
Treasury index
The Treasury index refers to a collection of financial indices that track the performance of U.S.
Term
In the context of mortgages, the term refers to the length of time over which the borrower agrees to repay the loan.
Third-party Origination
Third-party origination (TPO) is a crucial component of the mortgage industry, allowing lenders to expand their reach and streamline the loan process.
Title Insurance
Title insurance is a crucial component of real estate transactions, providing protection against potential defects in a property’s title.
Truth in Lending Act (TILA)
The Truth in Lending Act (TILA) is a pivotal piece of legislation designed to protect consumers in the realm of credit and lending.
Transaction Fee
Transaction fees are costs incurred during the processing of payments between buyers and sellers.
Total Expense Ratio
The Total Expense Ratio (TER) is a crucial metric for investors to understand when evaluating mutual funds and exchange-traded funds (ETFs).