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Glossary of Mortgage Terms

Explore commonly used mortgage terms that are frequently used by AmeriSave Mortgage.
Zombie Foreclosure

A zombie foreclosure occurs when a homeowner vacates a property after receiving a default notice, but the lender never completes the foreclosure, leaving the original owner still responsible for the home.

Zoning Law

Zoning laws are local government rules that control how land can be used, what types of buildings can go on a property, and how those structures can be sized and placed.

Recent Articles

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

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

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...

8 Closing Costs You Can Negotiate (and 5 That Are Set in Stone)

8 Closing Costs You Can Negotiate (and 5 That Are Set in Stone)

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...

12 Documents You Need to Sell Your House in 2026: A Complete Paperwork Checklist

12 Documents You Need to Sell Your House in 2026: A Complete Paperwork Checklist

Why selling a house generates more paper than buying one When they enter a house for sale, the majority of consumers concentrate on the price. In actuality,...

Glossary of Mortgage Terms