Mortgage Acronyms
Subscribe to articles about Helpful Information on Mortgage
There are a lot of acronyms associated with the mortgage industry. Here is a quick guide to help you make sense of them:
LTV: Loan To Value
DTI: Debt To Income
PITI: Principal, Interest, Tax, Insurance
PMI: Private Mortgage Insurance
ARM: Adjustable Rate Mortgage
REO: Real Estate Owned
DU: Desktop Underwriter
LP: Loan Prospector
HUD: Housing and Urban Development (department of)
HOA: Home Owners Association
SFR : Single Family Residence
PUD: Planned Urban Development
VOR: Verification Of Rent
VOM: Verification Of Mortgage
VOE: Verification of Employment
GFE: Good Faith Estimate
Share This Article
California Mortgage Rates
Related Articles
December 30, 2011
Mortgage Surprises
For one new to mortgages there will be many questions and things that the borrower is surprised that the lender...
July 15, 2014
MBS Trending
Unexpected events outside the US had the greatest influence on mortgage rates this week Violence in the Middle East and...
December 30, 2011
Mortgage Red flags
When applying for a loan there are some red flags which you should avoid at all possible cost When the...