Key terms

While working with your mortgage company, it’s important to understand the mortgage terms that may be used so you can have a better (and easier) discussion with your mortgage company.

Principal

The amount a person borrows from a lender (also referred to as "amount financed").

Property Taxes

The amount a person pays to their local city/municipality and sometimes county, based on the value of their property.

  • Beware of Scams

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    Learn how to identify and avoid scam artists who promise immediate relief from foreclosure.

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  • FAQs

    Find the answers to common questions concerning your mortgage and the various options to avoid foreclosure.

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  • Glossary

    Visit our glossary of key terms to increase your understanding of the foreclosure options available.

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