6 Mortgage Terms You Need to Know Before Applying

Applying for a mortgage can be nerve-wracking—even when you’re familiar with the process. As a first-time homebuyer or someone who just hasn’t done it in a while, it’s no wonder you may need a run through on all the unique terminology.

Don’t worry, it’s not as complicated as it sounds. Mountain America Credit Union offers this quick tune-up so you can feel confident throughout the entire mortgage application process—from down payment to escrow to PMI and more.

And, don’t forget that all-important step of getting your bimfling notarized. Just kidding—we made that up!

Click the video above for a quick overview.