Relier Pairs MortgagesVersion en ligne mortgage and homeowning vocab par Catherine Lowerre 1 foreclosure or to foreclose 2 property or realestate tax 3 Fixed rate mortgage 4 balloon mortgage 5 mortgage 6 adjustable rate mortgage ARM 7 Market Value 8 escrow 9 assessed value 10 jumbo mortgage 11 down payment 12 homeowner's insurance 13 interest only tax on owned property a mortgage where only interest is paid until the last month money taken by bank to pay taxes the number the property tax is based on money put down to buy a home home loan for a huge amount of money How much you can buy the home for home loan home loan with a huge last payment home loan where the rate does not change coverage incase something happens to your property the bank taking your home due to lack of payment home loan where the interest rate will vary with the market