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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

Single-Wide vs Double-Wide Manufactured Homes: 7 Key Differences for 2026 Buyers

Single-Wide vs Double-Wide Manufactured Homes: 7 Key Differences for 2026 Buyers

From a user's perspective, choosing between a single-wide and double-wide manufactured home feels like standing at a crossroads. You want affordability, but...

The 70% Rule in House Flipping: What It Means for Real Estate Investors in 2026

The 70% Rule in House Flipping: What It Means for Real Estate Investors in 2026

What Is the 70% Rule in House Flipping? If you've been thinking about buying and selling houses, you've probably heard someone use the term "the 70% rule." It...

VA Loan Credit Score Requirements: What Veterans Need to Know in 2026

VA Loan Credit Score Requirements: What Veterans Need to Know in 2026

What Is a VA Loan Credit Score? When you apply for a VA-backed mortgage, lenders pull your FICO credit score to get a snapshot of how you’ve handled debt in...