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Glossary of Mortgage Terms

Explore commonly used mortgage terms that are frequently used by AmeriSave Mortgage.
Notice of Default

A notice of default is an official written warning to your lender that your mortgage payments are seriously behind, and the lender may start the foreclosure process if you don’t fix it.

Recent Articles

Are Closing Costs Negotiable in 2026? What You Can Push Back On (and What You Can't)

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The Short Answer on Negotiating Closing Costs Most borrowers sit down at the closing table assuming that whatever the lender, the title company, and the...

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What you are paying for when you sit at the closing table On closing day, the majority of purchasers have one question they are hesitant to speak aloud. Which...

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Glossary of Mortgage Terms - Page 2