Mortgage Glossary
There are a lot of unfamiliar terms that get tossed around during the mortgage process. But don't worry, we've put together this glossary to help you get a better grasp of any terms that may be less than clear.
K
Keogh Plan
A tax-deferred pension account designated for employees of unincorporated businesses or for persons who are self-employed.
Kicker
A payment sometimes required by a mortgage loan in addition to normal principal and interest.
Kiosk
An independent stand from which merchandise is sold.