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Mortgage Dictionary


Terminology, definitions, explanations, and documents for business professionals in the mortgage lending and mortgage risk management industries, as they are used on LendingRisk.com.

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T

Terrace Home
Town Houses are referred to as Terrace Homes in some housing markets.

See Mortgage Loan Property Types
See Town House

Total Ratio
In the mortgage industry, Total Ratio is a synonym for Debt To Income Ratio.

See Borrower Debt to Income (DTI) Overview
See Debt To Income (DTI) Ratio
See Housing Ratio
Town House
A residential property where the dwelling normally has two or more floors and is linked together in a daisy chain with other similar dwellings. Town houses are referred to as Terrace Homes in some housing markets. For reporting purposes these property types are considered "Attached".

See Attached (Property Type)
See Mortgage Loan Property Types


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Terminology, definitions, terms, explanations, and documents for business professionals in the mortgage lending and mortgage risk management industries.