The following index of navigational anchors will help you quickly locate glossary terms . A, B, C, D, E, F, G , H, I, J, L, M, N, O, P, R, S, T, U, W A Accrue. To increase, to grow. The date the lien holder begins to charge interest. Interest that has been charged but not yet paid.
Alienation occurs when title to a property passes to another party, such as when a property is sold.
If there is no room on an original note for an endorsement, the endorsement is written on a separate piece of paper. It is then permanently attached to the original note and is called an allonge. A method of equalizing monthly mortgage payments over the life of a loan. Payments usually are paid monthly but can be paid annually, quarterly, or on any other schedule. In the early part of a loan, repayment of interest is higher than that of principal.