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Found 2 results for 'Mortgage Glossary'.

Mortgage Servicing Glossary

ARM (adjustable-rate mortgage): Mortgage loan with an interest rate that can change during the life of the loan (based on an industry-standard rate index). If the rate index changes, your regular paym...

Mortgage Lien Release: What is it and how does it work?

What is a lien release? A lien release takes place when your lender (the “lienholder”) releases their claim to your property (also called “lifting” or “waiving” the lien). Depending on where you live,...