Mortgage glossary
English terms you'll see on your paperwork, with the Turkish equivalent.
- Amortization · Amortisman
- Paying a loan down over time with scheduled payments of principal and interest.
- APR · Yıllık maliyet oranı (APR)
- The yearly cost of a loan including interest and certain fees, expressed as a rate.
- Appraisal · Ekspertiz
- A licensed appraiser's opinion of the home's market value.
- Cash to close · Kapanışta ödenecek tutar
- Down payment plus closing costs, minus deposits and credits.
- Clear to close · Kapanışa onay
- The underwriter has signed off; closing can be scheduled.
- Closing Disclosure · Closing Disclosure (Kapanış Bildirimi)
- Final loan terms and costs, delivered at least three business days before closing.
- Conforming loan · Conforming kredi
- A loan within Fannie Mae and Freddie Mac size limits ($832,750 baseline in 2026).
- Debt-to-income ratio (DTI) · Borç/gelir oranı
- Monthly debt payments, including the new mortgage, divided by gross monthly income.
- Discount points · Discount puanı
- Upfront fee, 1% of the loan per point, paid to lower the rate.
- Down payment · Peşinat
- The part of the price you pay in cash rather than borrow.
- Earnest money · Kaparo
- A deposit with your offer, held by the title company and credited at closing.
- Escrow account · Escrow hesabı
- An account the servicer uses to pay your property taxes and insurance from your monthly payment.
- Homestead · Homestead (oturulan ev)
- Your primary residence; in Texas it qualifies for tax exemptions and special lending rules.
- Loan Estimate · Loan Estimate (Kredi Tahmini)
- A standard three-page form showing rate, payment and costs, sent within three business days of applying.
- Loan-to-value (LTV) · Kredi/değer oranı
- Loan amount divided by the home's price or appraised value.
- Mortgage broker · Mortgage broker
- A licensed company that arranges loans with lenders but does not fund them.
- NMLS · NMLS
- The national registry where mortgage companies and loan originators are licensed and can be looked up.
- Pre-approval · Ön onay
- A lender's conditional commitment after reviewing credit and income documents.
- Principal · Anapara
- The amount borrowed, not including interest.
- Rate lock · Faiz sabitleme
- The lender's promise to hold a rate for a set number of days while the loan closes.
- Reserves · Yedek birikim
- Money left in your accounts after closing, counted in months of payments.
- Title insurance · Title (tapu) sigortası
- Insurance protecting the lender and owner against defects in ownership history.
- Underwriting · Underwriting (kredi değerlendirmesi)
- The lender's review of credit, income, assets and property to approve the loan.
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