Glossary

Understanding key terms is essential when navigating complex topics like mortgages, life insurance, and investing. Whether you're buying your first home, planning your financial future, or exploring investment options, our glossary is designed to help you get familiar with important terminology.

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Alternative Rates

Alternative rates are interest rates offered by alternative lenders that cater to clients who may not meet the strict criteria of traditional banks. These lenders often work with borrowers with non-traditional income sources or unique financial situations.

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Amortization

The process of gradually paying off a debt over time through scheduled, periodic payments. These payments are typically made in equal amounts and consist of both principal (the amount borrowed) and interest.

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