The Loan Process
Below is a list of commonly used terms in the Mortgage industry.

 

Select A Term Below
1003
Annual Percentage Rate (APR)
Appraisal
Balloon Mortgage
Balloon Payment
Cash-out Refinance
Closing
Closing Cost Item
Community Property
Effective Gross Income
Foreclosure
Home Equity Loan
HUD

1003

A form, commonly referred to as a 1003 form, used to apply for a mortgage and to provide information regarding a prospective mortgagor and the proposed security.