Mortgage Glossary of Terms by Darren Yates
A brief list of some of the most common Mortgage terms. Adverse Credit The term used if the borrower has a poor credit history. This could include previous mortgage or loan arrears, bankruptcy or CCJ's. Other terms used to describe an adverse credit mortgage include: Bad credit mortgage... Bridging Loan /Finance Short term loan to enable the purchase of one property before the sale of another essentially releasing funds that are required for the purchase. ... Mortgage A loan to buy a property where the property is used as security against you paying back the loan.