Mortgages
Title Insurance
An indemnity insurance policy that protects home buyers and mortgage lenders against financial loss resulting from defects in property title.
📚 Financial Knowledge Base
Financial Industry Glossary & Underwriting Guide
Master essential home mortgage, auto financing, interest rate, and underwriting terminology with interactive calculators, mathematical formulas, and practical lending guidelines.
Terms Starting With "T"
Showing 3 definitionsMortgages
2-1 Temporary Rate Buydown
A mortgage financing structure where an upfront escrow subsidy lowers the borrower’s effective interest rate by 2% in Year 1 and 1% in Year 2 before returning to the permanent note rate in Year 3.
MortgagesLE
TRID Loan Estimate (LE)
A standardized 3-page federal disclosure form mandated by the CFPB that mortgage lenders must deliver within 3 business days of loan application, itemizing interest rates, payments, and binding closing cost tolerances.