Glossary of Mortgage Terms
Explore commonly used mortgage terms that are frequently used by AmeriSave Mortgage.Qualified Mortgage
A qualified mortgage is a home loan that meets federal standards for responsible lending. These standards include limits on fees, a ban on risky loan features, and a check of the borrower's ability to repay.
Quitclaim Deed
A quitclaim deed transfers any ownership interest one person has in a property to another person. This is done without any guarantees that the title is free of problems.
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