Mortgage Glossary

The mortgage process and terminology can be a confusing process especially if it is your first loan. BMC Keystone is here to assist you in navigating the process and making it as easy as possible and welcome any questions you may have. Below we have included some of the major terms used in the industry in the mortgage glossary below. Be sure to contact us at any time if you would like to discuss the process or learn more about your loan options.

Click on any of the terms to get a full description.

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Adjustable Rate


Annual Percentage Rate (APR)



Closing Costs

Conforming Loan

Contract of Sale

Debt Service

Down Payment


First Mortgage

Fixed Rate

FHA Loan

Good Faith Estimate

Gross Income

Home Equity Line of Credit

Home Equity Loan

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Terri Sirianni
NMLS# 128084
Phone: (215) 885-4828
Fax: (215) 885-6708

Franco D’Angelo
NMLS# 132805
Phone: (610) 633-7352
Fax: (215) 885-6708

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508 N Tyson Avenue
Glenside, PA 19038
(215) 885-4828

NMLS# 122121

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