Adjustable Rate Mortgage (ARM) - A mortgage whose rate of interest can change over time.

Amortization - Repayment of a mortgage loan by installment payments

Amortization Schedule - Time schedule for loan repayment of a home loan showing what amount of each payment is applied to principal and interest for the remaining balance of the loan.

Annual Percentage Rate (APR) - Total yearly cost of a mortgage stated as a percentage of the loan amount which includes the base interest rate, loan origination fee (points), and primary mortgage insurance (PMI).

Appreciation - Increase of home or property value due to market changes or conditions.

Assumable Home Loan - A home loan that can be assumed or taken over by the buyer when a home is sold.

Assumption - Transfer of the seller's mortgage to the buyer