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What is blanket mortgage?
One loan covering multiple properties.
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What is bridge loan?
Short-term financing between purchases.
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What is lender-paid mortgage insurance?
MI paid through higher interest rate.
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What is split premium MI?
Upfront and monthly MI combination.
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What is escrow holdback?
Funds held for future repairs.
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What is interest reserve?
Funds set aside to cover payments.
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What is construction-to-permanent loan?
Construction loan that converts to permanent mortgage.
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What is energy-efficient mortgage?
Includes energy improvements.
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What is assumable FHA or VA loan?
Loans transferable to new buyers.
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What is mortgage credit certificate (MCC)?
Tax credit for first-time buyers.
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