Q:

Where can you view mortgage term definitions?

A:

Quick Answer

To view mortgage term definitions, visit US.HSBC.com, select Home Loans and click Mortgage Glossary under Mortgage Advice. The website lists the main terms used in the mortgage industry and their definitions.

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Full Answer

Some of the terms HSBC defines in its glossary include amortization, credit score, balloon mortgage, commitment fee and good faith estimate. BankRate.com also lists and defines some key mortgage terms, including jumbo mortgage, foreclosure, two-step mortgage and homeowner's insurance. The HSBC bank portal also provides answers for some of the frequently asked mortgage questions, including the meaning of Veteran's Administration and Federal Housing Administration mortgages, and the operations of an escrow account.

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