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