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Glossary of Terms > A > Alt-A Mortgage

Alt-A Mortgage

A mortgage risk categorization; falls between prime and sub-prime, but is closer to prime. Called "Alt-A" because it falls below "A-grade" ratings, and because it replies on alternative documentation verification.

A Terms

A-Credit

Acceleration Clause

Accrued Interest

Adjustable-Rate Mortgage

Affordable Housing

Agreement of Sale

Alt-A

Alt-A Mortgage

Amortization

Amortization Schedule

Application

Appraisal

Appraiser

Appreciation

APR

Asking Price

Assessment

Assumable Mortgage

Assumption