Mortgage Terms and Definitions

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Mortgage Words to Know

During your home-buying experience, you may come across mortgage terms that you’re not that familiar with. It’s a good idea to have a basic knowledge of mortgage terminology because it can help you navigate the process. Review our mortgage glossary to learn more and schedule an appointment to speak with a Fifth Third Mortgage Loan Specialist today.

Understanding Credit

Your credit history plays a big role in the mortgage loan approval process. Lenders will pull your credit report (with your approval) to see your history of repaying credit. Learn more about what goes into your credit score, credit basics, and how to fix your credit.

Additional Resources

Home Affordability Calculator

Fifth Third Bank’s Mortgage Affordability Calculator helps estimate how much home you can afford and which mortgage payments will work for your budget.

House Down Payment Calculator

Ready to purchase a home? How much money should you put down? Fifth Third Bank's down payment calculator will help you decide the best down payment amount.

Mortgage Payment Calculator

Calculate monthly mortgage payments and current mortgage rates with Fifth Third Bank's mortgage payment calculator. See how much mortgage you can afford.