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Hard-Money Mortgage -
Cash loan to a borrower.


Hazard Insurance -
A form of insurance in which the insurance company protects the insured from certain losses, such as fire, vandalism, storms and certain other natural causes.


Home Equity Conversion Mortgage (HECM) -
Also known as the reverse annuity mortgage. This mortgage...

Good Faith Estimate -
An estimate of charges which a borrower is likely to incur in connection with a loan closing.


Government Loan -
A type of mortgage insured by the FHA (Federal Housing Authority), VA (Veteran's Administration), or RHS (Rural Housing Authority).


Government National Mortgage Association (Ginny Mae) -
Provides...

Fair Credit Reporting Act -
A law that protects consumer that regulates the reporting of consumer credit by agencies and establishes procedures for correcting errors on an individual record.


Fannie Mae (FNMA) -
The Federal National Mortgage Association is a congressionally chartered, shareholder-owned company. This organization is the...