Applying for a mortgage is at best a royal pain in the you-know-what. First you have to cross the hurdle of finding a good local mortgage broker who is trustworthy, reliable and professional. Then you have to climb the mountain of terms, acronyms and understand the meaning behind them. This in its self can be difficult part of the mortgage application process.
We’ve assembled a glossary of mortgage terms, and mortgage acronyms to help you navigate the mortgage application process with a little knowledge and ease.