A 100% loan is a mortgage loan for the total cost of the property. In this loan, the buyer doesn't have to come up with a down payment. Unfortunately, the 100% loan appeals to borrowers who may not be ready to purchase a home. As a result, the default rate on 100% loans is high, and borrowers can expect to pay higher interest rates for 100% loans. 100% loans may be a good investment for a home buyer in hot housing markets whose escalating property values offset the home equity that would have accrued from a down payment.

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | 0-100

A

Adjustable Rate Mortgages (ARMS)
Adjustable Rate Refi (Refinance)
Amortization
Annual Percentage Rate (APR)
Assumable Loans

B

Bad Credit Refi (Refinance)
Balloon Loans
BC & D Lender or Loan
Buydown

C

Cash-Out Refi
Closing
Closing Costs
Conventional Mortgage
Convertible ARM
Cosigner
Credit Report
Credit Score

D

Debt Consolidation
Debt Ratio
Default
Discount Rate
Down-payment

E

Effective Rate
Equity
Escrow
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F

FHA (Federal Housing Authority) Loan
Fixed Rate Mortgages
Fixed Rate Refi (Refinance)
Foreclosure
Fully Amortizing Payment
Fully Indexed Interest Rate

G

Government Loans
Graduated Payment Mortgages
Growing Equity Mortgage

H

Home Equity Line of Credit (HELOC)
Home Equity Loan (second mortgage)
Housing Ratio
Hybrid ARM

I

Index
Interest Due
Interest Only Loan
Interest Only Refi (Refinance)
Interest Rate

J

Jumbo (or Non-Conforming) Loans
Jumbo Loan Refi
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K

L

Lenders Margin
Lien
Loan to Value (LTV) Ratio
Lock-in

M

Mortgage
Mortgage Broker
Mortgage Company
Mortgage Insurance
Mortgage Lender
Mortgage Reduction Programs
Mortgage Term

N

Negative Amortization
Negative Points

O

Option ARM
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P

PITI
PMI (Private Mortgage Insurance)
Points
Prepayment Penalty
Pre-Approval
Pre-qualification
Principal
Property Appraisal

Q

Qualification

R

Rate Protection
Refinancing
Residual Income

S

Second Mortgage
Servicing
Sub-Prime Borrower
Sub-Prime Lender

T

Term
Truth in Lending Law
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U

Underwriter
Uniform Residential Loan Application (1003)

V

VA (Veterans Administration) Loan

W

Wrap-around Mortgage

X

Y

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Z

0-100

80/10/10, 80/15/5, and 80/20/0 loan plans
100% Loan