Glossary

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Glossary

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Agreement of Sale		Bank Draft
Amortization		Bankruptcy
Annual Percentage Rate (APR)		Billing Error
Appraisal		Binder or "Offer to Purchase"
Appraisal Fee		Borrower
Appraiser network		Bridge Loan
Assessment Report		Broker
Assessment Upgrade		Building Line or Setback
Asset		Business Days
Assumable Mortgage		Buydown
Assumption		Caps (Interest)
Automated Underwriting		Caps (Payment)
Balloon (Payment) Mortgage		Cash-out Refinance

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