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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

California Jumbo Loan Limits for 2026: What Makes a Loan Jumbo, How to Qualify, and How to Decide

California Jumbo Loan Limits for 2026: What Makes a Loan Jumbo, How to Qualify, and How to Decide

What makes a mortgage jumbo in California The most common misunderstanding I've run into about jumbo loans is that they're only for mansions and luxury buyers....

7 Ways to Make Your Mortgage Payment Easier

7 Ways to Make Your Mortgage Payment Easier

What Actually Happens When You Pay Your Mortgage Most people say they pay their lender. The more accurate word is servicer, the company that handles your...

Average Closing Costs in Florida: A Home Buyer's Guide for 2026

Average Closing Costs in Florida: A Home Buyer's Guide for 2026

Every closing looks a little different, and the closing statement is usually where that hits home. You've saved for the down payment, you've found the place,...