Demystifying Mortgage Jargon: A Guide to Key Terms and Phrases
Entering the realm of mortgages can feel like stepping into a labyrinth of unfamiliar terms and acronyms. To navigate this landscape confidently, it’s crucial to understand the essential jargon associated with mortgages. Here’s a breakdown of key terms to help unravel the complexity: Amortization: This refers to the process of paying off a loan through…