Word Find of Common Mortgage Terms
Can you find common mortgage words? Play our interactive Word Find game and see! To learn more about each word, check out the definitions at the bottom.
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Reveal Answers
Need help? Click to reveal all 8
Word Bank
Eagle Eye
Exclusively for Freedom Mortgage customers, our Eagle Eye Program contacts you when we see home financing opportunities that may interest you. You can sign up for Eagle Eye text alerts.
escrow
Funds we collect and store in an escrow account to pay your property taxes, homeowners insurance and flood insurance if required.
FHA
The “Federal Housing Administration,” which guarantees FHA loans offered by lenders like Freedom Mortgage to buy or refinance a home.
paperless
Another word for “online-only statements.” You can sign up by logging into your account, choosing “Statements,” and selecting the paperless toggle.
rate
The cost you pay to borrow money, shown as a percentage. The amount of interest you owe on a mortgage depends on the interest rate and loan amount.
refinance
To pay off your existing mortgage with a new loan. You might do this to lower your rate, reduce monthly payments, or change your term.
relief
If you are experiencing a financial hardship due to the COVID-19 pandemic that is impacting your ability to make mortgage payments, relief may be available to you under the federal CARES Act.
streamline
Streamline refinancing lets you reduce the rate on an FHA or VA loan with less paperwork, no credit check, and no appraisal.
Eagle Eye
escrow
FHA
paperless
rate
refinance
relief
streamline
Word Definitions