MORTGAGE TERMINOLOGY


The mortgage process can be full of terms, some common and some not-so-common. But what do these terms really mean and how can they help in your home investment process? Check out our segments "Wednesday's Word of the Week" to which we help with broadening your access to important terms in the mortgage world. These videos review and define important, commonly used terminology so our clients can approach each endeavor with the knowledge and proper understanding of the process. We upload new segments every 2nd Wednesday, to our Instagram page.
Prepayment Privileges
In this week’s Word of the Week, we are discussing Prepayment Privileges
Home Equity Line of Credit
What are the differences between HELOCs and traditional mortgages? In this week’s Word of the Week, we break down the benefits of a Home Equity Line of Credit.
Condition of Finance
This week’s Word of the Week is Condition of Finance (or COF as you may often see).
Difference between GDS ratios and TDS ratios
This week at BM Select, we are discussing the difference between GDS ratios & TDS ratios