| 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 number of years to pay back the loan |
| Adjustable Rate Mortgage | [investopedia] A mortgage on which the interest rate, after an initial period, can be changed by the lender. |
| Fixed Rate Mortgage | [bankrate] A mortgage in which the monthly payment based on interest does not change |
