WebSometimes you may hear or see acronyms or abbreviations for terms commonly used by mortgage lenders. Here is a quick reference tool to help you. Abbreviations. ARM = Adjustable Rate Mortgage; ... When a lender provides a mortgage, you provide your home as the security. This means that if payments are in default, the lender has the right to take ... WebSep 16, 2024 · In American English, title abbreviations are followed by a period; in British English, the period is omitted. The most common title abbreviations include: Mr. = Mister Mrs. = Mistress (pronounced “missus”) Ms. = (pronounced “miss” or “miz”) Sr. = Senior Jr. = Junior Dr. = Doctor Mr. Green asked Ms. Grey if she had met Dr. Jekyl. (American style)
Mortgage Abbreviations
WebMar 13, 2024 · PITI: Principal, Interest, Taxes, and Insurance. PMI: Private Mortgage Insurance. Read on to learn the definitions of these mortgage acronyms, which have been … WebJun 24, 2024 · A mortgage escrow account is an arrangement with your mortgage lender to ensure payment of your property tax bill, homeowners insurance and, if needed, private … great clips martinsburg west virginia
Your Cheat Sheet of the 11 Most Important Mortgage Acronyms
WebThe plural abbreviation of credit is crs. When to Use This Abbreviation This abbreviation is usually found in finance, accounting and bookkeeping, on loan applications, in relation to college courses, in the processing of retail returns, … WebJun 17, 2024 · In America, we always write, “Mr.” or “Mrs.”. In British English, however, the period is omitted to read, “Mr” or “Mrs” instead. Don’t abbreviate a title in a scenario like this: “She was relieved when the doctor finally entered the room.”. An abbreviation like “Dr.” must be accompanied by someone’s name. great clips menomonie wi