Introduction to mortgages basic mortgage terminology definitions of common mortgage terms one of the most important and confusing decisions that people make is buying a home and taking out a mortgage to pay for the house there are many factors that come into play for people looking to buy a house. The ratio of the loan principal amount borrowed to the appraised value selling price for example on a 100000 home with a mortgage loan principal of 80000 the loan to value ratio is 80 percent the ltv will affect programs available to the borrower generally the lower the ltv the more favorable the program terms offered by lenders. While many of us are aware of basic banking terms there is a plethora of confusing technical terminology associated with banking and finance this wealthhow article presents to you a glossary of banking terms and definitions that might help resolve your doubts. Predatory lending unscrupulous actions carried out by a lender to entice induce and or assist a borrower in taking a mortgage that carries high fees a high interest rate strips the borrower of
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