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Choose a Letter to view the terms starting with that letter.
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Gift Letter
A signed letter or statement from an individual providing a cash gift to a borrower in order to qualify for a loan. The letter or statement states that the cash gift does not have to be repaid.
Ginnie Mae
Government National Mortgage Associations works with FHA facilitating efficient secondary market activities for federally insured or guaranteed mortgages.
Graduated Payment Mortgage (GPM)
A mortgage based on payments that will be increased over time dependent on a predetermined schedule.
Gross Income Multiplier
Using the gross annual income of a property to calculate an estimate of a property’s value.
Good Faith Estimate
A document prepared by the lender showing borrowers the estimated cost they will incur payable at closing.
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