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Found 3 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...

Homeowner Frequently Asked Questions

What is mortgage servicing? After your mortgage loan is originated, it must be serviced to manage your mortgage account. As your mortgage servicer, we collect your payments, pay your tax and insurance...

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,...