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.
Y
Yield
A measurement of the rate of earnings from an investment, usually expressed as a percentage.
Yield To Maturity (YTM)
The internal rate of return on an investment. Typically takes into account all investment returns and their timing.