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