Forms that must be sent to the borrower to inform them of costs or procedures associated with their loan.

An agreement between two mortgagees holding mortgages on the same real estate property that agrees to the priority of each mortgage.

The lender’s right to claim the borrower’s property in the event the borrower defaults

Monthly payments are due the first of every month, with a 15-day grace period before fees are assessed.

Documents that are signed with actual pen-on-paper. After being signed, these files can still be transmitted, uploaded and viewed digitally in the borrower’s file.

Makes it unlawful for any creditor to discriminate against any applicant, on any kind of credit transaction based on race, color, religion, nationality, sex, marital status or age

This is a legal document that authorizes one person to act on behalf of another.

Loans kept by the lender to earn consistent interest on the loan.

A software system used by Freedom to store and index loan related documents for current and past loan applications.

A mortgage that has the same (never changing) interest rate throughout the entire term of the loan.

This is documentation of the borrower's mortgage payment history.

The government agency that issues and insures mortgage by the VA.