| Mortgage | [wikipedia] an agreement that allows you to borrow money from a bank or similar organization by offering something of value, esp. in order to buy a house or apartment, or the amount of money itself |
| Interest Rate | [dictionary] the interest percent that a bank or other financial company charges you when you borrow money, or the interest percent it pays you when you keep money in an account |
| Term | [mtgprofessor] the years allowed to pay back a mortgage loan |
| Adjustable Rate Mortgage | [investopedia] a mortgage loan with the interest rate on the note periodically adjusted based on an index which reflects the cost to the lender of borrowing on the credit markets |
| Fixed Rate Mortgage | [bankrate] A mortgage in which the interest rate does not change throughout the term |
