*This mortgage glossary is meant to be a guide. These definitions were not written by a lawyer. They were written in plain English so home buyers could understand them. They're not meant to be legally binding nor the final word on the definition. Some of the terms defined may be no longer in use in the housing market, and some of them are not offered at AmeriFirst Home Mortgage. We just wanted to be sure you had enough information (and more) to become a powerful, educated home buyer.